HIVE is technically very bullish, I don't use much indicator though, price action says bullish Hive , about which I have made a post today. I think hivers who are withdrawing may think about this zone as it is a key level for buyers. A big upside rally can be seen in the HIVEUSDT or other hive pairs in the coming days.
Apart from that crypto market is booming. So crypto traders and investors gotta sit back tightly. "Miles to go before we sleep"
why is it very bullish? if it's has an unlimited quantity?
buyers are heavy compared to sellers, that is called bullishness, brother. and if you are a trader, you must have to be bullish or bearish, trading is a battle game of bear and bull, because, wherever you trade, you have to buy/sell a currency or coin while at the same time you wil be doing opposite activity there, suppose, if you buy HIVEUSDT, at the same time you have sold USDTHIVE. and you become sellers and buyers in those coins.
In this zone in the HIVEUSDT chart, buyers has stepped into the market before and has taken control. You can visit my latest post where I describe the price action with mutiple timeframe perspective.
hope it clarifies your doubt, otherwise you can contact me on discord,
my dis. id is @tradersaan#2354
tell me what's the price prediction to hive in 2022? ))ok, i will read. thank you
technical says it's bullish, Hive can have a nice rally upside, but in the longer term, fundamentals(macro, micro stuff) are more important than technical level. so I can't predict that much with much confidence, but anyway, the fundametal of hive is good now, and the world economy is in uncertinity, cryptos are taking over other currencies or commodities, so good to go with crypto now.