Hive Price Can Not Go Up Under Great Resistances

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There are lots of great resistances on Hive price chart. Due to these great resistance, Hive price can not go up. Hive is one of the worst crypto during Bitcoin price pump. Lots of altcoin pumped more than 50% while Bitcoin price went up fast from 60K to 80K.

Here you can see daily chart of Hive price. Hive price can not touch 100-day moving average during this small bullish trend. 100-day and 200-day moving averages are great resistances on Hive price chart. They resisted Hive price lots of times.

There was mini support line on Hive price chart. You can see what happened after breaking down this mini support line. We should see the new pattern.

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Here you can see the indicators on daily chart of Hive price. There was great downtrend line on RSI Indicator. Hive price was under resistance by this great resistance. Finally it is broken up. You can see what happened after breaking up this resistance. There is no resistance on RSI Indicator. Hive price may go up.

Fisher Indicator is on the top and It may reverse down if we see daily red candle. There were mini uptrend lines on MACD Indicator. There are broken down. We should see the new pattern on MACD Indicator.

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When we look at Bitcoin price chart, it can be said that we are end of bearish season. It may be great time to pick up. Hive price is still under valued. It may be great time and level to pick up.

We will see..

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3 comments
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Sadly, the price of HIVE is ruled by HBD. Ausbit Bank shows that the HBD market cap fell to $8.9 million. It was well over $10 million at the start of the year.

HBD holders fear the haircut value; so they've converted millions of HBD to HIVE and then sell the HIVE. For example, when HIVE dropped below $0.04, HBD holders converted over a hundred thousand HBD to HIVE. 100,000 HBD converts to 2.5 million HIVE.

The resistance is all the HIVE being created by HBD holders. The market must absorb this HIVE before the price can rise.

This is why I have been against the interest on HBD. What is happening right now was 100% foreseeable when we raised the interest rate to 20%. All of the interest that we paid on HBD was destined to be converted to HIVE in a bear market.

!PIZZA

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coincido con "It may be great time to pick up", aunque hay matices que podrían complementarlo.

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