Hive Price is on Mini Bullish Trend Line

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There are mini bullish trend lines on Hive price chart. After touching 0,03x USD level Hive price reversed up and entered bullish trend. I shared a few analysis about Hive price chart and said It was great level and time to pick up discounted Hive when Hive price was in 0,03 USD level.

Here you can see daily chart of Hive price. There was great descending channel on Hive price chart. I shared lots of analysis about this great descending channel and potined possible breaking up this channel. After breaking up the top line of this channel, Hive price resisted by 200-day moving average. 200-day moving average was great resistance on Hive price chart. It resisted Hive price for a few times. Finally we have see daily close above this great resistance.

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Here you can see the indicators on daily chart of Hive price. There is mini uptrend line on RSI Indicator. We will see uptrend on Hive price chart until end of this uptrend line. Fisher Indicator is close to reverse down from the top. MACD Indicator is also close to reverse down from the top. We may see reverse down Hive price chart in short time. 200-day moving average may support Hive price chart If we see reversing down on Hive price chart.

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It is good to see end of great bearish season on crypto market and Hive price. We entered bullish season on Hive price chart. It may be still good level and time to pick up 0,05x USD. We will see..

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4 comments
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Hive closing above the 200-day moving average after being stuck in that descending channel for so long that's the first real sign of a trend change I've seen in a while.

I remember when it was around $0.03 and everyone was giving up. Now it's printing higher lows and breaking through resistance. That's not hype that's structure shifting.

The Fisher and MACD nearing a reversal means we might see a pullback, but as long as it holds above the 200 MA, the bullish case stays intact.

I'm still building my HP slowly through this dip not trading, just stacking. Posts like yours give me hope.

Do you think we see a retest of the 200 MA before continuation, or straight up from here?

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Tipo, la foto donde el precio cierra encima de la media de 200 días me dejó pensando si esa resistencia ya está realmente rota, xq ¿creés que el próximo objetivo será 0,05 USD o algo más conservador? La mini línea alcista en el RSI parece coherente, aunque el MACD ya está al borde de invertir. 🤔

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