Hive Price Touched Great Support Line Again

There is great support line on Hive price chart after retesting the top line of great descending channel. There was great descending channel on Hive price chart after 10th October market crash. Hive price touched 3 cent in this market crash and stuck into great descending channel. It tried to break up the top line of this great descending channel for a few months. Finally It broke up but 200-day moving average resisted Hive price. Hive price reversed down and touched the top line of this great descending channel for retest.

Here you can see daily chart of Hive price. There was great support line on Hive price. It supported Hive price for a month. Hive price touched this support line again. We should not see breaking down this support line. It is happens, we may see double bottom on Hive price and Hive price may go down until 3 cent.

Here you can see the indicators on daily chart of Hive price. There are uptrend lines on MACD Indicator. You can see what happened after breaking down this uptrend line. Fisher Indicator is on the bottom and it may reverse up. There was mini uptrend line on RSI Indicator. We may see breaking down this support line.

Hive price is at critical level. If it breaks down, we may see Hive price going down until double bottom pattern. This support line should support Hive price.

We will see...

Posted Using INLEO