Hello everyone. In a bull market, we look at the charts a lot. However, our interest is waning in the bear market. We don't particularly want to look at the graphics. According to human psychology, the longer the bear market lasts, the more we get bored. However, there is something we should know; Times when the majority lose interest in the market offer great opportunities for smart investors.
Today, I took a look at the price charts of cryptocurrencies on the Hive Blockchain, which I follow with interest. I made some drawings. Or edited my previous drawings. I wanted to share with you some of the graphics I follow. In this post, I will review Hive, Sps and Leo graphics. I prefer to get data from exchanges with the highest volume. I took the screenshots from Tradingview charts.
The chart above is taken from the data of the Binance exchange. Hive/USDT chart. I prefer to follow in the daily time frame. The price has been in a broad supply-demand zone since May. It is hovering around the $0.5 price, although it drops pins up or down from time to time. The supply-demand region is in the $0.46-$0.56 range. The above supply-demand zone is in the $0.8-$0.92 price range. The supply-demand zone below passes through the $0.35-$0.3 price range.
The chart above is from the Huobi exchange. Sps/Usdt chart. Since there is not enough data on the daily chart, I chose the 240 Minute time frame. There is a supply-demand zone in the $0.057-$0.055 price range. There is an upward movement. Above is a supply-demand zone in the 0.064-0.065 price range. If this region is passed, the target will be the 0.074-0.75 region.
The chart above is from the statistics site called Poocoin. Leo/USD data from Bleo/BNB chart. Data from Pancakeswap exchange. I preferred the daily time frame. There is a supply-demand zone in the 0.05-0.055 price range. It is located just below this area. The price level is $0.047. If the supply-demand region I mentioned is crossed upwards, the target will be the supply-demand region at the level of 0.1$. I hope the price does not continue its downward movement.
This is not a bullish or bearish signal. And this article is not investment advice. You should make your investment decisions yourself according to your psychological and financial situation. It would be more beneficial to see this sharing as an educational work. Ll see.