Hive Price is Still in Bullish Trend Even After Red Weekly Candles

We have seen 5 weekly red candles on Hive price chart. Even these weekly red candles series, Hive price still in bullish trend. I shared a few analysis about weekly chart of Hive price and Market maker closed the week at good level to continue bullish trend.

Here you can see weekly chart of Hive price. Even there was great triple bottom pattern on Hive price chart. Hive price broke down the bottom level of this level at 10th October market crash. Hive price was in depression zone, after breaking down the bottom level of triple bottom pattern, it went down to the deepest depression zone. Lots of investors lost their faith for crypto. It is great level and time to pick up discounted Hive.

Here you can see weekly chart of Hive price and the indicators. There is great uptrend line on RSI Indicator. I shared an analysis about the importance of this uptrend line. Hive price closed the last week at good level to stay above this uptrend line on RSI Indicator. This uptrend line coming from the beginning of Hive price chart. So, Hive price is still in bullish trend.

MACD and Fisher Indicators are on the bottom and close to reverse up. So, Hive price may stay above the uptrend of RSI Indicator. If it breaks down, we need to see the new pattern on Hive price chart. The pattern on Hive price chart is bullish trend. Hive price still in bullish trend.

RSI Indicator is close to uptrend line. It means, Hive price is at bottom level. It means, it is great level and time to pick up discounted Hive.

We will see..

Posted Using INLEO