RE:RE:RE:RE:RE:ETH, BTC, Gold, Silver, SPX all forming triangle patterns153 % ROI for Q3 only shows up on these boards. It is a made up number. Company is not doing well. They missed on the financials. Revenues were short by $1M and that is why HIVE was downgraded by PI financial right after Q3 financials were released.
HIVE's technicals are totally broken and the support is below $1. I am not saying it will go there, but without significant move up today or in the near future anything is possible. If it goes below $1 the game is over.
HIve is oversold but it seems that market doesn's care. Too many cheap shares. Let's see how today's attempt to close higher turns out, but any cose below $1.45 is a failure.
Gotta run.... the week is over....
MacroJam wrote: Whew (for now). ETH poked, then bounced off the lower trendline of the triangle in the chart I posted the other day. This is a key inflection point technically. A durable breakdown below the $650-660 range this would be very bad. But a bounce back into the consolidation triangle sets us up to continue this battle through month end. One way or another we're breaking this triangle (up or down) relatively soon, and like I said earlier in this thread, breakouts from consolidation triangles like these are often signficant, even potentially explosive.
Notice again that HIVE appears to have regained correlation with cryptos this week. I suspect that trend will continue for a while. If cryptos crash coming out of the triangle, sadly the fear mongerers will be proven right and HIVE will break the buck. However, there is still plenty of potential in the chart for cryptos to break the other way. Risk-on in the general stock market the last few days is hopefully an indication for the latter.
ETH That's the basic technical picture for crypto. As for fundamentals, this company is doing just fine so far - 151% Q3 ROI; though they absolutely suck at describing the financials to the market. Assuming cryptos don't crash they are literally going to print gobs of money going forward, so long as PoW mining continues to exist. The malicious and baseless claims around here about fraud and man/boy love notwithstanding.
Cheers. :)