4th Weekly Green Candle is on Hive Price Chart
We have seen 4 successive green candles on Hive price chart. This is 4th week that Hive price went up more than 10% in this week. Hive price reversed up from the bottom. We are at the beginning of bullish season.
Here you can see weekly chart of Hive price. Hive price got lots of weekly red candles in this year. We have seen weekly candles more than 70% of this year. We can see mini uptrend lines on Hive price chart after seeing support lines. So, we will follow this uptrend lines during bullish season.
It was great level and time to pick up discounted up below 0,05x USD level. I shared lots of analysis and pointed this opportunity.
Here you can see the indicators on weekly chart of Hive price. There was great downtrend line on RSI Indicator. Hive price broke up this great resistance. MACD Indicator is trying to reverse up from the bottom. These are bullish signals on Hive price chart.
Fisher Indicator is going up. We may see reversing down from the top. But It may go up for a few weeks to reach the top.
We may see higher high levels on Hive price chart in this bullish trend. If we see price corrections on Hive price chart, they will be great opportunity to pick up.
We will see..
Posted Using INLEO
Four consecutive green weekly candles that's the first real sign of a trend change we've seen all year.
The RSI breaking its downtrend and MACD reversing from the bottom are strong signals. And if Hive can hold above that $0.05 level, the next target is that $0.10 imbalance.
I've been stacking Hive slowly through this whole dip powering up when I can. Posts like yours help me stay patient.
Do you think the Fisher indicator has more room to run before a pullback?
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4 semanas seguidas subiendo +10% y el RSI rompiendo esa downtrend que venía pesada... eso es lo que más me llama la atención del chart. Ojo con el Fisher que si toca techo puede venir la corrección que mencionás, ahí es donde hay que estar atento.