Hive Price Broke Down the Middle Line of Depression Zone
There was curve resistance on Hive price chart. Hive price is going down day by day due to this resistance. It resisted Hive price for a month. Hive price broke down the middle line of depression zone which was great support for Hive price chart.
Here you can see daily chart of Hive price. There was mini uptrend line on Hive price chart. Hive broke down this mini uptrend line a few days ago. It was resisting by curve line. I shared this draft a few years ago and It worked as well. When we look at my draft Hive price may touch the bottom level of depression zone or Hive price may reverse up fast and go up above the middle line of depression zone as in April.
Here you can see the indicators on daily chart of Hive price. There was bowl pattern on RSI Indicator and It was broken down a few days ago. We need to see new pattern on Hive price chart. If not, the result of breaking down of bowl pattern will resist Hive price chart.
There was mini uptrend line on Hive price chart and It is broken down a few days ago. This is Hive price chart is in bearish trend.
Fisher Indicator is close to the bottom and It may reverse up in a few days. This is small bullish signal on Hive price chart.
It may be also a bearish trap of market maker as he did it in April 2025. We should see reversing up in a few days.
I hope we will see...
Posted Using INLEO
The key point you mentioned that this dip might just be a “bear trap” set by the market maker like what happened in April really makes me think it’s wise to hold off before making any buying or selling decisions.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.