Despite the uncertainty in the market and the recent drops in the price of BITCOIN from 44 to 40K (-9%), HIVE is showing great resilience, bearing the blow like a champion.
According to my analysis, HIVE should have completed a Flat (3-3-5) correction by the end of January and would be in the process of taking off again or, in the process of correcting in a more complex but less aggressive way, aka accumulation
It is also admirable to see how HIVE is behaving regarding BTC, after the recent fall of the king, HIVE has not moved too much and has even strengthened its position around 2500 Sats.
As I see it and according to the projections, it is very likely that HIVE will continue to grow with respect to BTC if it continues its agonizing downward decline since it does not seem that there is much intention to drop ballast on the part of the HIVE holders, which is great.
3700 sats seems like a realistic target level at the moment.
Surely, HIVE has left behind the image inherited from STEEM, known as almost another FAUCET with ponzi roots.
HIVE is being viewed more seriously by developers and the general public and that is being written into its DNA, strengthening its foundations and making it more resilient.
@toofasteddie
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted Using LeoFinance Beta
