Hive Price is in Downtrend with Descending Channel

There is descending channel on Hive price chart. Hive price is in this attern and It is going down by following. There was bowl pattern on Hive price chart. It was broken down a few days ago. Hive price is going down slowly after break down this bowl pattern.

Here you can see daily chart of Hive price. I shared a few analysis about this bowl pattern. After breaking down this pattern, Hive price went down from 0,12 USD to 0,09 USD. This is how this bowl pattern has important.

Hive price shoukld break up this descending channel. There are paralel lines on this channel. You can see how it resisted and supported Hive price..

Here you can see weekly chart of Hive price. Even MACD Indicator reversed up from the bottom, It is too low from 0 level. We need to see MACD Indicator above 0 level to see bullish moves on Hive price chart.

Fisher Indicator was on the bottom and reversed up. Hive price went up 40% after reversing up. Fisher Indicator is going up and It may try to reverse down again.

There is downtrend line on RSI Indicator. This is why Hive price is in pressure.

So, We may see downtrend on Hive price chart. It is not special for Hive price. Crypto market is in downtrend. Hive is following crypto market. When market gets stable, Hive price will reach its real value.

We will see..

Posted Using INLEO