Hive Price May Try to Break up 200-Day Moving Average

Hive price went up fast a few days ago. It touched 200-day moving average and reversed down. It may be a test to break this great moving average. It was hard to break up great resistance.

Here you can see daily chart of Hive price. Hive price was in an descending channel after 10th October. Hive price broke up this great downtrend channel a few days ago. After breaking up this great resistance, Hive price went up more than 40% and touched 200-day moving average. It was unpossible to break up this great resistance for first time.

After touching 200-day moving average, Hive price went down for correction. The top level of descending channel supported Hive price. Hive price is trying to get ready for another bullish attack.

Here you can see the indicators on daily chart of Hive price. There is mini uptrend line on MACD Indicator. If we dont see bullish attack on Hive price, MACD Indicator will break down this mini uptrend line.

There was great downtrend line on RSI Indicator. It is broken up. There is no resistance on RSI Indicator. It may go up again. Fisher Indicator is trying to decide the direction.

So, we may see another touch 200-day moving average. It is hard to break up. It will chance the trend if it breaks up this resistance.

We will see..

Posted Using INLEO