A few Reversing Signals on Bitcoin Price Chart

We have seen a few weekly green candles on Bitcoin price chart after big weekly red candle series. It is good to see the end of this weekly red candle series. Last week Hive price closed the week with weekly green candle. We should see more weekly green candles to enter reversing up.

Here you can see weekly chart of Hive price. Hive price is in descending channel since 10th October market crash. Lots of altcoins touched all time low level after this market crash. Hive price is trying to be solid. It is still above all time low level. There is descending support line on Hive price chart. This is why Hive price is going down slowly. We may see reversing up.

Here you can see the indicators on weekly chart of Hive price. Fisher Indicator is on the bottom and reversed up. MACD Indicator is going up slowly. Even price is going down, MACD Indicator is going up. It is one of possitive deivergence on Hive price chart.

There was great downtrend line on RSI Indicator. It is broken up.

So, we may see reversing up Hive price chart in a few weeks. The top line of descending channel will be great resistance for Hive price.

Even WW3 effects crypto market, Crypto market is on the bottom. We may see reversning up and mini uptrend on crypto market in a few weeks.

Hive price also show us this trend.

We will see..