Bullish Pennant breakout for Hive! $39 CAD price target.
Hive appears to be trading in multiple bullish patterns.
Noticeably the stock is creating higher lows and higher highs forming a bullish pennant & a crude bull flag pattern.
Hive has bounced off the upward sloping support of the pattern 4-5 times, displaying strong support for the bulls.
Considering Hive is correlated to the price of Bitcoin & Ethereum we should see some volatile price action over the upcoming months heading into the US presidential elections..
Bullish cross on the KST
Also, the halving will start being priced into bitcoin as a supply shock is on the verge of occurring near term.
Noticeably the stock is creating higher lows and higher highs forming a bullish pennant & a crude bull flag pattern.
Hive has bounced off the upward sloping support of the pattern 4-5 times, displaying strong support for the bulls.
Considering Hive is correlated to the price of Bitcoin & Ethereum we should see some volatile price action over the upcoming months heading into the US presidential elections..
Bullish cross on the KST
Also, the halving will start being priced into bitcoin as a supply shock is on the verge of occurring near term.
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