Hive Price is Still Under Pressure of Downtrend Line

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There is great downtrend line on Hive price chart coming from 0,70 USD. Hive price is still under pressure of this downtrend line. Hive price tried to break up this resistance but It could not. There is the middle line of depression zone. It supports Hive price.

Here you can see daily chart of Hive price and my draft. I shared this draft a few years ago and It worked as well. Hive price broke down the middle line of depression zone. Even it is broken down, It may be a bearish trap. We have seen same move before.

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Here you can see the indicators on daily chart of Hive price. There is downtrend line on RSI Indicator. MACD Indicator is trying to reverse up from the bottom but I can not. Fisher Indicator is also trying to reverse up but there is no decision. We should see a few daily green candles on Hive price chart and We will see the decision of move.

It is possible to see breaking up on downtrend line on Hive price chart in a few days. We will see uptrend after breaking down this resistance.

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It may be great chance to pick up discounted Hive below 0,20 USD. It is great time to pick up Hive before breaking up great downtrend line. Hive price may present up good profit in short time.

I am picking up.

We will see..

Posted Using INLEO

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3 comments
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So do you think Hive price will drop below 20 cents before rebounding up or by bear trap do you mean it looks like it will rebound, but it won't and it will move lower?

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