Hive Price Broke up The Middle Line of Descending Channel

Hive price has been in descending channel since 10th October. It is going down day by day while following this channel. I shared a few analysis about Hive price and I was waiting for breaking up the middle line of this channel. The first resistance is the middle line of descending channel for Hive price and It is broken up.

Here you can see daily chart of Hive price. There were mini uptrend lines on Hive price chart. You can see what happened after breaking down these mini uptrend line. Hive price appeared as stable in last week. It may be good pattern for reversing up. Today Hive price is trying to reverse up. Finally Hive price broke up the middle line of descending channel. The first target is to touch the top line of this descending channel.

Here you can see the indicators on daily chart of Hive price. Fisher Indicator is going up. It will reach the top level in a few days. It may reverse down from the top level. There are uptrend lines on MACD Indicators. It we see reversing down on Fisher Indicator, We will see also reversing down on MACD Indicator. We will see breaking down on MACD Indicator.

There was possitive divergence on RSI Indicator. We will see the result of this possitive divergence. Hive price should go up to complete this possitive divergence. Than, we may see reversing down on Hive price chart.

We may see mini uptrend on Hive price until the top level of descending channel. I am waiting for price dump pn crypto market at the end of this month. We may see reversing down all crytos on this date.

We will see..

Posted Using INLEO