The Bottom Line of Consolidation Zone may Support Hive Price If Price Correction Happens

Hive price went up 250% from the bottom during altcoin season in a month. It is in price correction. I shared a few post about Bitcoin price chart and I am waiting for price correction on Bitcoin price chart. If it happens, Hive price may go down to be supported by the the bottom line of consolidation zone where is at 0,26 USD level. I shared this draft a year ago and It worked as well. 0,26 USD is great support for Hive price chart.

Here you can see daily chart of Hive. Even Hive price broke up the top line of this zone, we have not seen many daily close above this level. Hive price reversed and entered again in consolidation zone. The middle line of tihs zone could not support Hive price and Hive price is going down slowly with crypto market.

If we see big price correction on cyrpto market, I don't think that Hive price will not break down the bottom line of consolidation zone.

Here you can see monthly chart of Hive price chart. We are at the beginning. When we look at this chart, We can say that we are at the beginning of big bull run.

MACD Indicator reversed up from the bottom. Fisher Indicator reversed yet. This is the first monht of bull run and It may take more than 6 months.

Hive price tocuhed the top line of Bollinger Bands in monthy chart and went down. It is first touch of Bollinger Bands in monthly chart, worked as resistance. We may see going up on Bollinger Bands in next months.

Hive price is still discounted. As I said, we are still at the beginning. Bull run just started. It may take more than 6 months.

We will see..

Posted Using InLeo Alpha