7 Successive Monthly Candles on Hive Price Chart

Yesterday was the last day of February. Hive price closed the last month with red candle. We have seen 7 successive monthly candles on Hive price chart. We have seen 11 mothly red candles in last 13 months. Hive price and lots of altcoins entered bearish season 13 months ago.

Here you can see monthly chart of Hive price. We have not seen as long as red monthly candles series. We had only seen 4 successive monthly candles. Hive price stuck into descending channel for 4 months. We need to see green monthly candles after this red candles series. If we see monhtly red candle, we may see breaking up this descending channel.

Here you can see the indicators on monthly chart of Hive price. MACD Indicator started to loss its power. Fisher Indicator is close to bottom. If we see monthly green candle on Hive price chart, These major indicators will try to reverse up. We are close to monthly green candles. If it is not possible in March, We should see it in April.

So, Hive price is close to the bottom. We need only trigger for short term bullish trend. Lots of altcoins are at same view as Hive. They are waiting for trigger. If WW3 ends, we may see this trigger.

I hope we will see..

Posted Using INLEO