Weak Weekly Green Candles are on Hive Price Chart

We have seen weak weekly green candles on Hive price chart after weekly red candle series. Even these green candles are weak, it is good to see weekly green candles after red candle series. We have seen lots of weekly red candles on Hive price chart.

Here you can see weekly chart of Hive price. Hive price is in a descending channel since 10th October market crash. Lots of altcoins touched the bottom level after this market crash. Hive price is trying to be solid not to reach all time low level. Hive price is trying to find the bottom. There is mini uptrend line on Hive price chart. If it supports Hive price, we may see breaking up this descending channel.

Here you can see the indicators on weekly chart of Hive price. Fisher Indicator reversed up from the bottom. MACD Indicator also reversed up from the bottom. It is going up slowly. If Hive price breaks up this descending channel, MACD Indicator may go up faster.

We need time to complete reverse pattern on Hive price chart.

I am waiting mini market crash on Bitcoin price chart. If it happens, it will effect Hive price. This is why we can not see huge weekly green candles on Hive price chart. It may be time to pick up slowly.

We need time to see.

We will see..