Hi dear friends, hope you are well and welcome to the new update on Hive coin.
After the extreme sell-off on the 12-hour time frame chart, the price action of HIVE has formed bullish Cypher pattern.
Buy and Sell targets:
Buy between: $0.5832 to $0.4883
Sell between: $0.6590 to $0.8374
Stop loss:
The maximum extent of potential reversal zone $0.4883 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 71%, and the loss possibility is 16.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For more harmonic trading ideas you can join:
