Hive Price Went up to Enter Consolidation Zone Again
Hive price went up today and tested to enter consolidation zone that is important level for Hive price chart stucked into during a year. It may be bearish trap to see Hive price below this consolidation zone after going down 0,26 USD.
I shared lots of analysis for Hive price chart and this consolidation zone. This is my draft I circled the similarities between past and now. I was very happy to see Hive price at 0,20 USD. Because It was great chance to pick up Hive discounted price. After seeing Hive price at 0,20 USD, Hive price went up 30% today and test to break up the bottom line of consolidation zone.
Here you can see daily chart of Hive. Hive price went down after touching the bottom line of consolidation zone. Now, it is a resistance for Hive price.
Here you can see daily chart of Hive and indicators. Fisher Indicator was on the bottom and ready to reverse. MACD Indicator is also trying to reverse. This is why Hive price went up.
Hive price touched the middle line on Bollinger Bands. It is another resistance on daily chart of Hive.
It is very good to see Hive price going up today. Hive is alive. This is one of the signals of being on the bottom.
I hope we will never see Hive price below 0,20 USD.
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