Hive Price May Test 0.36 USD Where is the Bottom

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Hive Price is under 100-day moving average for a few days. I said that FOMC meeting would the most important meeting for this year and It was not good for crypto market. So, Hive price may go down and test the bottom where is 0.36 USD.

I didnt expect that Hive price would break down 100-day MA. Unfortunately It happened :(

There are a few negative signals on Hive Price chart.

Here you can see RSI Indicator on daily Hive Price chart. After touching oversold zone, RSI Indicator is going down. We are on the middle now and, we may see bottom move in RSI Indicator. If we do this, We may see Hive price touched 0.36 USD, where is great support line..

Ekran Resmi 20220922 19.19.24.png

Market needs a crash to price go down. We lived Ukraine Russia War, Luna Crashes. We need a new crash to go to bottom on RSI Indicator...

If Hive price goes down to 0.36 USD, Bitcoin will break down 18500 USD where is great support...

Ekran Resmi 20220922 19.22.10.png

I hope that this scenario will not happen. We will see..

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Bang, I did it again... I just rehived your post!
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3

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I hope that this scenario will not happen. We will see..

Great analisys!
I also hope that this scenario will not happen but if it does I will buy HIVE because my goals are long - medium term and sooner or later the Bear Market will pass ;)

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(Edited)

Well if we have another year of the bear market while the fed raises rates all year in 2023, the bottom could be 8 cents. In that case, I see BTC hitting bottom at 4300! Whether everything bounces or not, there is only one major support for BTC around 15k to hold it back from the 4300. Unless we have a turnaround, I think there is a very high probability that we go all the way down. 49 cents on hived, not too many more pennies left. lol

808ab65855a0dccd302341426ebc109ce572d10e.png

I don't care, I think 8 cents would be a good opportunity to load up on the HIVE again. haha

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Yes. It is possible to see again 0.08 USD. I was very bullish until the beginning of September. I said fed meeting was the most important for 2022. We saw it.

BTC should break down 18500 USD. If it breaks down, It will take too long time to recover...

We may see very big crash if it breaks down.

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Can the weakness of Hive be related to consecutive Splinterlands asset sales? Too many in a row. People may sell Hive to buy Splinterlands digital assets.

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I dont think so. Splinterlands support Hive everytime. Sales of assets and hype of game are the trigger for Hive price up. It means, more cash flow into Hive Blockchain.

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If HIVE goes down to $0.36, I will not hesitate to accumulate more HIVE :)

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