Hive Price is in Descending Channel

There is great descending channel on Hive price chart. After market crash Hive price touched the bottom line of this channel. After touching the bottom of this Hive price price pumped more than 20%.

Here you can see daily chart of Hive price. Even Hive price pumped more than 20% from the bottom, It is still below 8-day moving average. It is important for short term trend. We should see breaking up this great descending channel to proof of end od bearish trend.

Here you can see the indicators on daily chart of Hive price. There is great uptrend line on MACD Indicator and it is broken down. This is why Hive price went down. There is small downtrend line on RSI Indicator. We should see breaking up this indicator to enter mini bullish trend.

Fisher Indicator is on the bottom and reversed up. If we see a few daily green candles, we may see mini uptrend on Hive price chart.

I am waiting for another price dump on Bitcoin price chart. I am waiting for 40K USD for Bitcoin price. We should follow each charts. Hive price is in great downtrend channel. We may see Hive price in this channel during Bitcoin price dump.

It may be time to pick up. We will see..