Hive Price Broke Down the Supports
There were lots of support lines on Hive price charts indicators. Hive broke down these supports. We may see a bottom on Hive price chart due to breaking down. It may be great time to pick up before altcoin season. I was waiting with my cash to buy discounted Hive.
Here you can see daily chart of Hive. Hive price is at depression zone. Hive price may go to the bottom line of this depression zone.
There was a support line on RSI Indicator and it is broken down. There was support line on MACD Indicator and it is broken down. Fisher Indicator is also reversed from the top. This is why I am waiting for price drop on daily Hive price chart.
Even it seems as bearish on daily Hive price chart, Monthly chart seems very bullish. Here you can see monthly chart of Hive price. MACD Indciator is trying to reverse. It moved as fake in April and did not reverse.. It i may be great time to reverse from the bottom in next months. Fisher Indicator is also going down and going to the best level to reverse. When it reverses up, we may enter mega bullish altcoin season.
So, I am very bullish for Hive for longterm. I am picking up Hive slowly to get ready for altcoin season.
We will see..
Posted Using InLeo Alpha
Nice post!
I like it, also bullish divergence in histogram
It takes its time!
We have come this far, we will wait a little bit longer before the price explodes.
Sadly, I see no fundamental reasons to buy more Hive right now even though I kind of want to at this price level. Too many people who are not willing to invest are just cashing out their earnings systematically even at these price levels and the HBD situation is putting tons of pressure on the Hive price and supply.
The only hope right now is for there to be an altseason that once again will include everything to push up the price which hopefully brings in more users and attention to create a positive cycle. That right now feels way more difficult compared to past cycles though as most of the speculative value is sucked out by the memecoins.
I hope you are right on the Technical analysis and bullish longer-term outlook.
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