Hive Price is on Mini Support Line Below 100-Day Moving Average

There is mini support line on Hive price chart as past. It is supporting Hive price during Bitcoin price correction. Hive price is trying to enter bullish pattern but it is still below 100-day moving average.

Here you can see daily chart of Hive price. We have seen same mini support lines on Hive price chart. If we dont see breaking down this mini support line, Hive price may enter bullish trend. Hive price tested to break up 100-day moving average lots of times. Even it broke up this average a few days ago, It can not stay above this average. If we see the new breaking up this average, we may see staying above this average. If Hive price stays above this average, it may go up slowly.

Here you can see the indicators on daily chart of Hive price. There were mini uptrend lines on MACD Indicator and they are broken down. Ypu can see what happened after breaking down before. We have not seen any bearish trend on Hive price chart after breaking down this indicator.

Fisher Indicator is at the middle level and it reversed down. Hive price should stay solid not to break down mini uptrend line.

There was great downtrend line on Hive price chart and It is broken up. Even great resistance broken up, Hive price could not stay above 100-day moving average. We need to see the new bullish pattern on RSI Indicator.

Bearish patterns on Hive price chart finishes. We may see new pattern as bullish. It may be the reason to go above 100-day moving average.

We will see..

Posted Using INLEO