Here's my quick little HIVE price Technical analysis, looking at the weekly chart on Coingecko. I don't spend much time at all, took me about 3 seconds to recognize the pattern here, so I sketched it out with my finger on my phone for clarity. I'm no artist, so pardon my drawing skills. In a normal pattern of Head and Shoulders, you create the price target by measuring the distance from the shoulders to the top of the head and extrapolate that distance downward to get a rough idea of the 1st downward target which in this case seems to be around .37 cents.
I could be wrong, I'm not usually though, I don't try to be right, I just see these occasional patterns in the HIVE chart, some are worthy to post about, some not. At this point nothing really surprises me when it comes to profit taking on the hive chart, let's face it that's what hive is here for, for the bloggers to make profits, so I guess this is good news because the chart shows how hive is working for the busy bees.