Hive Price is Ready to Break up Great Downtrend Line
There was great downtrend line on Hive price chart. I shared a few analysis about this downtrend line coming from 0,70 USD. Hive price is touching this downtrend line for a few days. I will be broken up in a few days.
Here you can see daily chart of Hive price. You can see how Hive price resisted by this downtrend line. The middle line of depression zone is one of great support level for Hive price chart. Hive price broke down this support level. I shared an analysis and said It may be a bearish trap. I think It will be bearish trap as past. Because Hive price will break up downtrend line in afew days..
Here you can see the indicators on daily chart of Hive price. This is why I say that Hive price will break up downtrend line. There is downtrend line on RSI Indicator. It will be broken up in a few days. MACD Indicator is trying to reverse up. Fisher Indicator is on the bottom and trying to reverse up.
All of major indicator will reverse up in a few days. After this reversing up, we will see breaking up on Hive price chart. Hive price will go up above the middle line of depressin zone. You can see what happened after breaking up the top level of depression zone. It is the first target to break up for Hive price chart.
I said It was great time and level to pick up discounted Hive. I hope We picked up.
We will see..
@chorock, your analysis of Hive's price action is incredibly insightful! The way you've identified and explained the downtrend line, potential bearish trap, and the signals from RSI, MACD, and Fisher indicators is top-notch. It's clear you've put a lot of thought into this, and the charts really bring your points to life.
I especially appreciate your call about it being a good time to pick up discounted Hive – I hope others took your advice! It's fantastic to see technical analysis applied so clearly and practically within the Hive ecosystem.
What are your thoughts on how external market factors might influence Hive's trajectory in the coming weeks? I'm eager to see how your predictions play out! Thanks for sharing.