Let’s do a short analysis of HIVE/USDT and try to understand where Hive's price can go in the coming days. Surely, trading is only possible when you fully understand the trading scenario.

There are many traders who do their trading on the basis of guessing. They do guess where the price will go and blindly open their trade, the result is clear that they end with losses and they start blaming crypto market.

Its very necessary to understand the trading scenario, do proper analysis according to different time frames and generate a signal for you.

We saw that recently Hive had a strong pump and increased by 12%, but it didn’t stop at the high price. Instead, it cooled down and made a new range.

In trading, if you want success, then first it is very important to understand the trend and price range. To understand the trend, it is important to draw trend lines. Draw them correctly, understand them, and then trade. Also, understand the price range how far the price can possibly move.

Along with this, drawing support and resistance lines is also important so that you can understand where to enter (buy) and where are the resistances where you should sell your assets.

In the first picture, you can see that I have drawn two support and resistance levels. These are the possible pump and dump price levels of Hive. With this, you can easily place your buy and sell orders.

Divide your amount into two parts, buy 40% at the first support and 60% at the second support. Similarly, sell 60% at the first resistance and the remaining 40% at the second resistance.

In the second picture, the trend line is explained. I have drawn two lines, and also shown the point of intersection. If the price falls below the point of intersection, a downtrend will start. And if the price stays above it, then it will remain a bullish scenario.

In the third picture, the price range is explained.. Hive’s next range is from $0.1950 to $0.2170. That means there is a high chance the price will stay in this range.

This is a short analysis of Hive, which is surely explained in very simple words. I hope after understanding it, it will help you take better trades.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.