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RE: Hive Could Be Preparing For a Bigger Move
After 3–4 years of bear season, seeing a good formation on the HIVE chart is refreshing. That's not something we've seen in a long time.
The three consecutive big candles on the daily, followed by consolidation, then another green move that's the kind of structure that can lead to something bigger.
The EMA 50 is holding, and if HIVE can push toward EMA 200, that would be a major shift. Still overall bearish on the bigger timeframes, but this could be the start of a reversal.
What's your target if HIVE breaks above the EMA 200?
0.00025418 BEE
In my view, the 0.09 level can hold and this could become another strong support base.