Hive Price Broke Down Mini Uptrend Line

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There was mini uptrend line on Hive price chart. I shared an analysis about this mini uptrend and possible breaking down. Hive price broke down this mini uptrend line. Even Hive price broke down this mini uptrend line, Hive price got huge green daily candle and touched this mini uptrend line. It restested this support as a resistance.

Here you can see daily chart of Hive price. Hive price is in descending channel. The middle line of this channel is great resistance for Hive price. Hive price can not break up this middle line of descending channel. It should break up this resistance and The top line of this channel will be great resistance for Hive price. Hive price stuck into this channel.

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Here you can see the indicators on daily chart of Hive price. Fisher Indicator is on the bottom and ready to reverse up. There is uptrend line on MACD Indicator. If we see more daily red candles on Hive price chart, Hive price will reverse down and will break down mini support line on MACD Indicator.

There was mini uptrend line on RSI Indicator and It is broken down. We need to see the new pattern on these indicators.

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Hive price seems irregular as crypto market. Bitcoin price is also trying to draw new pattern. WW3 effects all markets as crypto. We may see another price drop on crypto market. If WW3 will take more than 3-months, we may see most of crypto close to zero.

We will see..

Posted Using INLEO

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Interesting analysis on Hive price movement—could this descending channel signal the next big move, especially if Bitcoin changes trend?

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