Hive Price Broke Down Bowl Pattern After Touching the Resistance

There was great bowl pattern on Hive price chart and it is broken down. I shared lots of analysis about this bowl pattern. Hive price touched 100-day moving average and It could not break up this resistance. and Hive price broke down this bowl pattern.

Here you can see daily chart of Hive price. There was great downtrend line on Hive price chart. After breaking up this downtrend line, Hive price went up 30%. after breaking down bowl pattern, we may see price correction on Hive price chart.

I also shared an analysis about Bitcoin price chart and I said I am waiting for price correction on Bitcoin price chart. Hive price may follow this price correction.

Here you can see the indicators on daily chart of Hive price. There are uptrend lines on these indicators. RSI Indicator broke down uptrend line. There is also uptrend line on MACD Indicator. If we dont see price pump in a few days, MACD Indicator will break down this uptrend line. There is no pattern on daily chart of Fisher Indicator.

So, it is so possible to see price correction in next week.

I was waiting the beginning of midterm bearish trend on crypto market until end of this month. Hive price chart also shows us this possibility. We should be careful about price correction.

We will see.

Posted Using INLEO