Hive Price is Going to the new All Time Low Level

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After 10th October market crash, Hive price touched 0,03 USD level. It was all time low level. After this market crash, Hive price went down slowly from 0,09 USD to 0,03 USD again. Lots of of altcoins have the same chart.

Here you can see daily chart of Hive price. Hive price was in great descending channel. After breaking up this channel, Hive price resisted by 200-day moving average. After reversing down this average, Hive price retested the top line of this great descending channel.

There was mini support line on Hive orice chart. It is broken down a few days ago. After breaking down this mini support line, Hive price is going to the new all time low level.

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Here you can see the indicators on daily chart of Hive price. There were mini uptrend lines on MACD Indicator. You can see what happened after breaking down these mini uptrend lines. We may see the same scenario. Fisher Indicator is close to the bottom and trying to reverse up. There is great resistance on RSI Indicator. We may see breaking up this great resistance in next month. After breaking up this resistance, Hive price may start to reverse up from the bottom.

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We may be close to the bottom. It may be time to pick up discounted Hive, If crypto market alive.

We will see...

Posted Using INLEO

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8 comments
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Unfortunately it does... what could stop it in this bear market? I think we can work on DHF funding and also maybe stop HBD issuance and consider freezing it, while distributing funds back to holds in a slow cooking method.

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The DHF Finding of projects is draining all the funds

Paying people $500 HBd per day will drive Hive to zero

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It will come back faster than anyone thinks
I am still stacking

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I am only stacking Sports, Bee and Blurt.

The DHF Funding of Insider projects will destroy the price of Hive.

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They can decide to change the way they deal with the funds and the price will shoot up
It is possible

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It looks like Sports, Bee, Litecoin and Blurt are holding strong. Those are the coins to own these days

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@chorock, esto es lo que vale la pena rescatar en un feed lleno de ruido.

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