Hive Price is Drawing Double Bottom Pattern After Triple Bottom

There was great triple bottom pattern on Hive price chart and 10th October marketcrash broke down this great bottom pattern. Lots of altcoins are down more than 50% after 10th October market crash. Hive price is trying to find the bottom.

After mega market crash, Hive price is going down to the bottom of daily candle of 10th October. Even we have seen small market crashes after big market crashes, Hive price went down 10 cent. There appeared double bottom on Hive price chart. It is nice to see these bottom pattern. Hive price is trying to build great bottom.

Here you can see weekly chart of Hive price and the indicators. There was great uptrend line on RSI Indicator coming from the beginning of this chart. It is broken down. We should see the new pattern on Hive price chart to make good analysis.

MACD Indicator is still going down. If we see weekly green candle, MACD Indicator will try to reverse up. Fisher Indicator is also trying to reverse up. Weekly green candles should support these indicator. I circled the similarity between past and now on Fisher Indicator. We need a few weeks to draw bottom pattern.

If we don't see any market crash after these days, we may see Hive price at 10 cent level for a few weeks. After completing bottom pattern, we may see good days.

But market may have more crashes.

We will see..

Posted Using INLEO