$HIVE Technical Analysis - 04.08.2024
I can't believe it's been one week already, but here we are, another Sunday, another week's close and I'd like to do an analysis on $HIVE today.
Last week we were a few days before the monthly close, so let's start with the monthly chart, shall we?
Since my last post, the month of July ended and the candle closed. I'm not sure if we can consider it a doji, but it sure signals indecision in the market, due to its slim body. It's been almost 4 days since the candle close, price is still inside the bullish fair value gap (FVG) and the new candle, of August is a bearish one so far. Again, this candle can't be taken for granted, till the end of the month, but right now price is gravitating towards those equal lows, that you'll see in my next chart.
Price is moving from external liquidity, to internal and vice versa. We have internal liquidity inside the bearish FVG, marked with red on my chart, and there's external liquidity below the two wicks, that are considered relative equal lows (EQL). At the moment of writing, it looks like price is gravitating towards the lows. There's no guarantee price is going to sweep those lows, but as we know, the evolution of $BTC is influencing alts as well. Chances for $BTC to fill the CME gap right now are high so I can see $HIVE sweep the lows at $0.1652.
The weekly chart is bearish as well, needless to say. Again, the weekly candle is not closed, there are less than 6 hours till the candle close, but chances for this weekly candle turn bullish are slim to none in my humble opinion.
The daily chart shows clearly price swept the low of the candle marked on my chart and the next obvious liquidity pool is at the relative equal lows, which lay within the daily order block (OB D), which is meant to defend price. It's a crucial level that should hold as otherwise things could get ugly, we could revisit the $0.15 area, or even lower. I'm hoping for a quick wick to sleep $0.1652 and a quick v-shape recovery.
On a more granular scale, the h4 chart shows a bearish trend as well. Price just swept the last low before the bullish FVG, marked with green on my chart. At the moment price is sandwiched between two fair value gaps, but with those long time equal lows are working like a magnet in my opinion. If the bullish FVG does not hold price, chances are $0.1652 could be swept.
The good news is, the sell side of the curve looks really good, apart from that one bearish gap and an intermediate high higher, there's not much to stop price. Obviously, this is a 4 hour chart, so it takes time for price to revers and reach the top of the curve, but the chart looks good.
At the time of writing, $BTC has just filled the CME gap and price is dropped way below the h4 OB. There's still 2.5h to go till the h4 candle close, to know if the OB can hold price or not.
$HIVE tapped into the h4 FVG, bounced off f it and at the moment it seems the FVG is holding price. I'm really curious if it sweeps those lows, or creates another low, close to the equal lows. Would be funny for sure.
The h1 chart is quite interesting. The h1 bullish FVG overlaps the h4 FVG. Price just tapped into it and bounced off of it. There are 17 minutes to the candle close. Let's see if these FVGs can defend price, or not.
This is a game of probabilities, not certainties. Also please note, this is not financial advice, it's my view and understanding of the market.
Next week's economical calendar looks pretty clean, compared to what we had this week. There are only two news days, which, in theory means, we have three days with less volatility, but only in theory as any major, or less major (unexpected, unpredictable) event can move the markets.
All charts posted here are screenshots from Tradinview.
I'm really curious to see what $HIVE does next.
If you're a newbie, you may want to check out these guides:
- Communities Explained - Newbie Guide
- Cross Posting And Reposting Explained, Using PeakD
- Hive Is Not For Me
- How To Pump Your Reputation Fast - Newbie Guide
- Tips And Tricks & Useful Hive Tools For Newbies
- More Useful Tools On Hive - Newbie Guide
- Community List And Why It Is Important To Post In The Right Community
- Witnesses And Proposals Explained - Newbie Guide
- To Stake, Or Not To Stake - Newbie Guide
- Tags And Tagging - Newbie Guide
- Newbie Expectations And Reality
- About Dust Vote And Hive Reward Pool, by libertycrypto27
Am hoping it doesnt fall below what it has now in the market
Well, we're already way below and it seems market makers want to go lower. So fasten your seat belt 💺
Hmmmm may the good lord be with us all
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@jlinaresp(5/15) tipped @erikah
Technical analysis
It's good for those who want to stock up.
Me too 😅
Major political event in US next week 😉 Harris will pick VP before August 7
More shenanigans then. We got the sweep already 😀
The current condition reminds me of buy more and hodl. Some life changing opportunities are currently going on. There are so many coin that I want to bag atm but little money(liquid) do I have. But I am grabbing some HIVE everyday in these prices. Looking forward to either dump or pump 🥂
Well, the dump happened, let's see where it stops. Stocking up now is a good decision 👌
Hi Erikah, thank you for these Sunday analyses. I am a great ignorant of these topics, but I find them extremely interesting. I appreciate the clear way you deal with the subject which allows me to learn little by little. Thank you for sharing your knowledge 🤗.
My pleasure @mdrguez and I'm glad it's helpful. And don't worry, you'll fet used to these terms and analysis 😉
I hope so! 🤭
Hello dear @erikah. Hope all is going well with you. I must admit, this seems very thorough. I am going to try and take these in more and start educating myself on the language a little more.
What I do know is Hive is down, and looks to continue to drop. Good for those looking to pick more up I guess.
👏 Keep Up the good work on Hive ♦️ 👏
❤️ @jasonmunapasee suggested sagarkothari88 to upvote your post ❤️
🙏 Don't forget to Support Back 🙏
!LOL
STOP THE ABUSE ON HIVE
FAKE HIVE POLICE
HIVE IS DEAD
HIVE IS ONE BIG FARM
!LOL !WEED !MEME !VSC !discovery 35 !GIF !BBH !ALIVE !DOOK !PGM !LUV !PIMP !LOLZ !BEER !PIZZA !HUG FOR !DOOK GINA @CRIMSONCLAD
https://hive.blog/hive-104387/@bpcvoter3/se19g2
Downvoted BY HIVE FARMERS
6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort: Trending
[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED
https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb
https://www.publish0x.com/the-dark-side-of-hive
https://www.reddit.com/r/stoptheabuseonhive/
https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason
SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS
[-]acidyo (82) 3 months ago
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.
$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago
Yeah thought that was funny too
$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00
https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work
@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345
HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM
https://hive.blog/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts
Reply 2 to @eddiespino
Reply to @eddiespino
cwow stop the drink and drugs
Stop supporting the fake Hive police who do nothing but exploit Hive
Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries
https://peakd.com/hive-158694/@bilpcoinbpc/marks-dream
Zac the man with the scam plan
lol the Marky mark keeps dreaming
GET HELP STOP CRYING
WE CAN NOT HELP YOU
ARE YOU OK
Hello Marky, are you ok do you need help, are you facing mental health challenges?
It's crucial to seek help. Continual dishonesty can erode trust and your mental health. Downvotes do not have an impact on us, but our consistent sharing of accurate information is key to us.
Marky stop getting butt fucked LOL.
https://hive.blog/computers/@themarkymark/re-bpcvoter1-sfi1bm
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Love life, be happy
[-]themarkymark (80) yesterday (edited)
Farming? Show me where I am farming, I post like one post a month at this point, and all buildawhale is burned. As you say transactions don’t lie. And don't say curation rewards, I'd get those no matter what I vote on and if you expect I will be the only person on this blockchain to forfeit curation rewards, you are dumber than we know you are.
https://hive.blog/hive-167922/@bpcvoter1/seq7ok
https://www.bilpcoin.com/undefined/@bpcvoter1/response-3-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts
https://hive.blog/hive-193084/@bpcvoter1/response-2-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts
!LOL !WEED !GIF !MEME
https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-sepr9c
21 hours ago in LeoFinance by themarkymark (80)
https://hive.blog/hive-167922/@bpcvoter1/senppv
https://hive.blog/life/@anomadsoul/re-gogreenbuddy-seqf1p
https://hive.blog/hive-104387/@bpcvoter3/se19g2
Downvoted BY HIVE FARMERS
https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb
https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-setz65
Response 4 to themarkymark marcus, buildawhale usainvote ipomote leovoter gogreenbuddy, and over 100 of his alt accounts
Reply 2 to @eddiespino
Reply to @eddiespino
cwow stop the drink and drugs
Can't you see the problems on Hive?
Hive dropping to $0.000
Posted using Bilpcoin
LOL
It seems like THEMARKYMARK is dealing with some personal drama and mental issues, which might be causing them to spam us and others with baby pics, GIFs, and questionable content he's been doing the same for years. The fun doesn't stop there, as this seems to be a recurring theme with multiple online personas. The real question is, do we want to trust these drama-magnets with our hard-earned funds or any significant influence on Hive?
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We want to address the issue of downvoting. It has caused pain to many people, and we want to make sure it doesn't happen again reply to @jacobtothe
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We hope that those who genuinely care about Hive will reconsider their actions, as continuing down this path could inadvertently harm innocent users who are unaware of these issues
lol the Marky mark keeps dreaming
Marks dream
https://www.publish0x.com/the-dark-side-of-hive/the-marky-mark-marcus-its-clear-youre-deeply-engaged-in-farm-xmjodol
Posted using Bilpcoin
https://www.bilpcoin.com/undefined/@bpcvoter1/lol-the-marky-mark-keeps-dreaming
themarkymark (80)in FreeCompliments • 2 days ago
No.
I downvote spammers, you are a spammer, you get no monies. It’s very simple.
In the meantime go get some help. You obviously have some issues going on.
2 days ago in FreeCompliments by themarkymark (80)$0.00
Reply 4
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[-]bpcvoter1 (-4)(1) yesterday · Will be hidden due to low rating
GET HELP
$0.00Reply Edit
[-]themarkymark (80) 4 hours ago
I have a personal chef, maid, and a captain for my yacht. What other help do I need?
$0.00Reply
https://hive.blog/hive-140084/@themarkymark/re-bpcvoter1-sg5l3x
@gogreenbuddy THIS MAN IS A TOP HIVE FARMER AND SCAMMER SOME OF HIS OTHER ACCOUNTS @THEMARKYMARK @BUILDAWHALE @USAINVOTE @UPMYVOTE @LEOVOTER @IPROMOTE @PUNKTEAM @CWOW2 @STEMGEEKS AND 100s more
https://www.publish0x.com/the-dark-side-of-hive
@bpcvoter1, sorry! You need more to stake more $PIZZA to use this command.
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