Double Bottom Pattern in on Hive Price Chart

Hive price went down from 0,12 USd to 0,08 USD. Even Hiv eprice pumped from 0,08 USD to 0,12 USD, it reveresed down to same level. It may be a double bottom pattern on Hive price chart.

Here you can see daily chart of Hive price. Hive price touched the same level as the previous bottom. We should see reversing up from this level. If it happens, 0,08 USD will be great support level for Hive price chart.

While moving averages are going down, Hive price is trying to stay above 0,08 USD level. They will meet in a few days in next month. We should see breaking up these moving averages..

Here you can see daily chart of Hive price. There was great uptrend line on MACD Indicator and It is broken down. I shared a few analysis about this uptrend line. I pointed possible breaking down. You can see what happened after breaking down.

Fisher Indicator is on the bottom and can not reverse up. We need a few days to see reversing up.

There is mini downtrend line on RSI Indicator. We need to see breaking up this downtrend line.

It may be possible to reversing up from this level. When it happens, it may be possible to see double bottom pattern. If crypto market allows Hive, Hive price may reverse up from this level.

We will see..

Posted Using INLEO