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Hive Daily Chart Tells Us Some Bullish Things 🔥 by idiosyncratic1

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hive-167922 · @idiosyncratic1 ·
$6.77
Hive Daily Chart Tells Us Some Bullish Things 🔥
In the crypto ecosystem, crypto traders and investors have unique abilities that enable them to make gains in this digital world. Among these abilities, buying-low & selling-high is the fundamental rule that can never be replaced.

As a person, I never see myself as a trader. IMHO, trading is too stressful for me to sustain life. Thus, I'm a person who enjoys **Dollar Cost Averaging** (DCA) the coins that I believe in the vision of. However, DCA should start from reasonable levels to yield better returns.

![HIVE price in daily chart support from moving average.png](https://images.hive.blog/DQmSbEwVSoA22hWhbjtsfqd3ECe9iYyLvAfKw8mc52Yzwap/HIVE%20price%20in%20daily%20chart%20support%20from%20moving%20average.png)

For instance, starting to DCA from 60k to 28k for BTC does not make a lot of sense as the average will be pretty high. However, starting from 35k to 28k BTC brings you incredible returns when the market turns green. Thus, some indicators, on-chain analyses and TA & FA should be done beforehand.


### Is it time to Buy HIVE? "Moving Averages"
In the bigger picture, you can see Moving Averages respectively MA20, MA50, MA128 and MA200 on the chart. Grey line is MA20; Blue line is MA50, Green Line is MA128 and Red Line is MA200. 
![bigger picture of Hive coin price daily.png](https://images.hive.blog/DQmYcRFDm871DsXo1itcHGhi1N6zXqVSmSy2v9jP8bErTqW/bigger%20picture%20of%20Hive%20coin%20price%20daily.png)

When the price is above MA200, it is something pretty bullish but when the price is below MA200, it means that it is still possible to stay at lower levels. However, moving averages start supporting the price in order. For example, MA20 is the first one to support the price before it reaches MA50 and/or MA128 in general.

**Let's examine the Purple Box on the chart.**

### MA20 Supports HIVE in Daily Chart
![hive crypto detailed analysis.png](https://images.hive.blog/DQmdp7opt3Ej8JTW22Dq4x91aQTmyaEtB7U2ZamqygNj9ru/hive%20crypto%20detailed%20analysis.png)

As you can see above, the price has been rejected several times by MA128 & MA200 to turn the sentiment. Yet, the price could not close above these strong resistance levels. In the end, the free-fall in all crypto ecosystem dropped the prices.

However, on the chart, you will clearly see that it is the first the after a long time that **MA20 supports the price**. In this projection, we may expect the price to rise until **$0.68 MA50 in the short run**. Since 18th of March, even MA20 was a resistance level but it looks like now it is on our side 😉

### HIVE is Standing Strong

![multichart crypto negative.png](https://images.hive.blog/DQmR8CqUCAVQnRuPgzTsN4GiQabhAMh1dwgTyQM9MbjAQTs/multichart%20crypto%20negative.png)
I care about the performance of BTC & ETH before investing into other coins. Similar to the other markets, crypto is suffering from the side effects of global risks.

Though there are risks and threats to crypto, I think HIVE is strongly supported around $0.40-0.43 levels. For me, it is a nice time to buy some HIVE (I name it saving HIVE from weak-hands in markets 😎)

### Suitable for Dollar Cost Averaging
There is still expectation of 23k for BTC and if this happens, we may expect another 20-30% drop for altcoins. However, I may take this risk and start with **%15-20** of my portfolio to buy HIVE at these levels.

If these levels are the dips, then there is no single issue for this trade. It may be better if you, additionally, rely on other indicators to minimize the risks you are taking ✌🏼

### TL;DR
Moving Averages are telling us something about the price of HIVE. According to MA20, HIVE is ready to make a move from these levels to $0.68 where MA50 will meet HIVE over there. 

**Since March 18th, it is the first time MA20 works as a support level** for the price. IF the sentiment in crypto and global actors do not spoil the atmosphere, HIVE is likely to show up with decent increases in the price.

To be in the safe side, it is better if you check other indicators and analyses to minimize the risks. DYOR and trust HIVE 😉 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@idiosyncratic1/hive-daily-chart-tells-us-some-bullish-things)
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@hivebuzz · 
Congratulations @idiosyncratic1! You received a personal badge!

<table><tr><td>https://images.hive.blog/70x70/http://hivebuzz.me/badges/pud.s1.png?202206020002</td><td>You powered-up at least 10 HIVE on Hive Power Up Day! This entitles you to a level 1 badge.<br>Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.<br>May the Hive Power be with you!</td></tr></table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@idiosyncratic1) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>


**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hive-122221/@hivebuzz/pum-202206"><img src="https://images.hive.blog/64x128/https://i.imgur.com/M9RD8KS.png"></a></td><td><a href="/hive-122221/@hivebuzz/pum-202206">Be ready for the 6th edition of the Hive Power Up Month!</a></td></tr><tr><td><a href="/hive-122221/@hivebuzz/pud-202206"><img src="https://images.hive.blog/64x128/https://i.imgur.com/805FIIt.jpg"></a></td><td><a href="/hive-122221/@hivebuzz/pud-202206">Hive Power Up Day - June 1st 2022</a></td></tr></table>

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@jfang003 ·
$0.03
I tend to think Hive will move more along with BTC and that is also correlated to how the stock market is doing. With the Fed wanting to start QT, I don't really know where things will head.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-idiosyncratic1-6sz6gl)
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@poshtoken · 
https://twitter.com/idiosyncratic1_/status/1532102897265217537
<sub> The rewards earned on this comment will go directly to the people(@idiosyncratic1) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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