Hive Price is Trying to Reverve uo From the Bottom

There was great descending channel on Hive price chart since 10th October market crash. Hive price touched all time low level in this market crash as lots of altcoins. After touching all time low level, Hive price stuck into great descending channel.

Here you can see daily chart of Hive price. After spending half of this year in this great descending channel, Hive price broke up the top line of this channel. After breaking up the top line of this channel, Hive price resisted by 200-day moving average.

Hive price tried to break up this average for two times but It could not. It reversed down and touched again the top line of great descending channel as retest.

After retesting great descending channel, we have seen two bottom on Hive price chart. 0,045 USD may be the bottom for Hive price.

Here you can see the indicators on daily chart of Hive price. MACD Indicator is below 0 level. It is close to reverse up. Fisher Indicator is trying to reverse up. There was great downtrend line on RSI Indicator. Even it is broken up, we have not seen enough bullish move on Hive price chart. We may see enough bullish move Hive price chart.

So, It may be good level to pick up Hive below 5 cent. It may be discounted.

We will see..

Posted Using INLEO