Hive Price May Touch the Top Line of Descending Channel

There was great descending channel on Hive price chart as lots of crypto. After 10th October market crash, lots of altcoins entered descending channel. Hive price broke up this great bearish channel a few days ago. It touched 200-day moving average, which is one of great average for resistance. It resisted Hive price and went down.

Here you can see daily chart of Hive price. After touching 200-day moving average, Hive price is going down slowly. It may tocuh the top level of this descending channel to retest. This great resistance will work as a support and Hive price may be supported by this line.

Here you can see the indicators on daily chart of Hive price. There are mini uptrend lines on MACD Indicator. You can see what happened after breaking down this mini uptrend line. We may see the same scenario.

Fisher Indicator is close to the bottom. It may reverse up in a few days.

There was great downtrend line on RSI Indicator. Even it is broken up, we can not see the new bullish pattern on RSI Indicator. There is a problem on crypto market.

Major Indicators show us possible botton on Hive price chart. The top level of descending channel may support Hive price. If we see huge market crash on crypto market, this top line will be broken down.

We will see...

Posted Using INLEO