Hive Price is Supported by Mini Uptrend Line

Even Bitcoin price i break up all time high level everyday, lots of altcoins are going up slowly. Hive price only broke up the top level of depression zone. It can not be said it is broken up. We should see Hive price higher than this great resistance.

Here you can see daily chart of Hive. There is mini uptrend line on Hive price chart coming from 0,19 USD where is the bottom level of 2025. It is tested 3 times. It is going up slowly. Hive price is close to this support line while going up. If we see a price correction on Bitcoin price chart, we may see breaking down on this miniuptrend line.

Here you can see the indicators on daily chart of Hive. There is big bowl pattern on RSI Indicator. I shared an analysis about this bowl pattern a few days ago. Hive is trying to touch this support line. There is also miniuptrend line on MACD Indicator. If we see price correction on crypto market, MACD Indicator may break down mini uptrend line.

So, Hive price chart seems without any decision.

MArket maker always makes fake moves. Even Bitcoin price breaks up all time high level everyday, we can not see hype on altcoin market. Bitcoin price is close to price correction.

We should be careful.

We will see..

Posted Using INLEO