Hive Price Retested the Top Line of Descending Channel

Hive price was in a descending channel for a few months after 10th October market crash. It was going down slowly in this channel. Hive price broke up the top line of descending channel and touched 200-day moving average as Bitcoin price. It reversed down from this great resistance.

Here you can see daily chart of Hive price. Hive price is touching 100-day moving average. It should go above 200-day moving average to chance the trend. The top line of descending channel is supporting Hive price.

Here you can see the indicators on daily chart of Hive price. There was mini uptrend line on MACD Indicator and It is broken down. You can see what happpened after breaking down this mini uptrend line.

Even RSI Indicator broke up great resistance, we could not see bullish trend. It was great bearish pattern, we should see the new bullish pattern on Hive price chart.

Fisher Indicator is close to the bottom. We may see reversing up from this level in a few days.

We may see bullish attack on Hive price chart in a few days. The top line of descending channel is great support level for Hive price. When we look at the indicators they show us possible bullish attack. We may see this support.

We will see..

Posted Using INLEO