Perhaps is a little too soon to state it, maybe I am still so optimistic on our 4 years-old project, however, despite all contarities we have faced during these last months, I don't see any reason for not being bullish on HIVE, at least a little bit.
I remember a post I wrote one month ago on which I was talking about the possible bottom levels, being 0.10 USD the most likely one. In that post I was forecasting the "flattening" of the Falling wedge once RSI Oversold condition would be reached on the Daily Chart.
It eventually happened as forecasted and I think we are already out of the woods here.
Price action on HIVE is really very boring, I am not expecting a huge volatility but a steady recovery of the prices.
There is a Bullish divergence acting on the RSI, meaning and reassuring that the bottom was IN.
Doing some projections I could anticipate 0.30 USD by the end of January beginning of February next year.
These are good news since the end of the falling wedge is anticipating that a new uptrend on HIVE would come, however, nothing seem to indicate an explosive rise on the prices since there is no project or major improvement being cooked behind the curtains of this blockchain. The only upgrade is the one announced by @blocktrades to happen in at least 6 months from now, the so-called Hardfork 25, which will refine a little bit the blockchain...so, if nothing new happen on the second layer, Hive-Engine or the like, the probability of seeing HIVE in the 1 USD area is really very little, being 0.30 USD a more than good target for the coming months.
However, I am happy to have accumulated almost 3000 LEO which is really helping and leading the HIVE economics.
Besides, I am working on getting a good passive income as well by building a consistent DCity. I see a lot of potential on this last as well but I don't see any other second layer app to invest on lately...but perhaps I am wrong.
On which other HIVE projects would you invest?
*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.
