Hive Price is on Mini Support Line While Resisting by Descending Channel

There is mini support line on Hive price chart. Hive price is in descending channel since 10th October. This mini support line and the middle line of descenging channel will cross each other in a few days. Hive price tried to break up the middle line of this descending channel. Even there was mini uptrend line, Hive price broke down this mini uptrend line.

Here you can see daily chart of Hive price. There was same mini uptrend line I drew it as yellow. You can see what happened after breaking down this mini uptrend line. There is as horizantal as mini uptrend line on Hive price chart. If it breaks down, we will see Hive price touching the bottom level of descending channel.

Here you can see the indicators on daily chart of Hive price.There was great uptrend line on MACD Indicators. It is broken down. You can see what happened after breaking down this great uptrend line on MACD Indicator. There is still mini uptrend line on MACD Indicator. It is supporting Hive price.

There was downtrend line on RSI Indicator. After breaking up this downtrend line, Hive price reversed down and touched again this resistance as retest. There is mini uptrend line on RSI Indicator. Even the bottom level of Hive price is going down, the bottom level of RSI Indicator is going up. It is possitive divergence.

If we see the new daily close bottom on Hive price chart, We may see higher bottom on RSI Indicator. Possitive divergence will be greater.

So, it may be possible to see breaking down mini uptrend line on Hive price chart. If we see, there will be the new bottom Hive price chart. Possitive divergence will be greater. We will see the results of this possitive divergence after completing bottom pattern.

We will see..