Hive Price is on Great Support Line

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There is great support line on Hive price chart. It started a few weeks ago. Hive price touched this support line lots of times. Being above this support line is the safe zone for Hive price chart.

Here you can see daily chart of Hive price. Hive price was in great descending channel. There was great market crash on Hive price chart as crypto market in 10th October, Hive price touched 3 cent in this market crash. After this market crash, Hive price entered great descending channel. Hive price broke up this descending channel. Even it broke up the top line of great descending channel, Hive price touched 200-day moving average two times. After touching this average, Hive price retested great descending channel again. After retesting, Hive price stopped going down and It is on support line for a month.

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Here you can see the indicators on daily chart of Hive price. Fisher Indicator is trying to reverse up from the middle level. There was mini uptrend lines on MACD Indicator. They are broken down. You can see what happened after breaking down. MACD Indicator is going up slowly. We may see reversing up in a few days.

There was downtrend line on RSI Indicator. Even it is broken down, we have not seen bullish trend on Hive price chart. After breaking up this resistance, RSI Indicator went down again. It may be time to break up again this resistance.

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It may be time to pick up discounted Hive. If Hive price breaks down this support line, we may see another marketcrash on crypto market. If not, we may miss this opprtunity to buy discounted Hive.

We will see...

Posted Using INLEO

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Congratulations @chorock! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 64000 HP as payout for your posts, comments and curation.
Your next payout target is 66000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD

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@chorock, siempre interesante leer sobre HIVE. Ojalá sigas aportando tu mirada sobre la evolución de la red. Con 3.3 dólares y subiendo, se nota que la comunidad valora esto.

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Hive tokens are accumulating and ready for the next surge.

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Is this a great opportunity or a market book?

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