While Bitcoin price was going down 80K USD, Hive price is tried to stay above great support line. There was great support line on daily chart of Hive price. Even Hive broke down this great support line, daily close is above this great support line. So, there is no chance on the trend of Hive price chart.
Here you can see daily chart of Hive price and great support line. This support line supported Hive price 4 times. It is hard to break down this support line. Because we are at the beginning of support line. We are at only 4th month of bullish season.
So, It is good to see bearish trap on Hive price chart. Support line is going up slowly. We may see more support on Hive price chart in next days..
Here you can see the indicators on daily chart of Hive. MACD Indicator is close to reverse up. Fisher Indicator is at good level to reverse. Today Hive price went up 10%. This was the test of reversing..
There was also great support line on RSI Indicator. We can see same bearish trap on this indicator. Hive price should go up after bearish trap.
The angle of great support line is low. So, we may see long bullish trend on Hive price chart. We may be close to the bottom.
We will see..
Posted Using INLEO
Fingers crossed it's a real bearish trap, would love to see Hive bounce back strongly from here!
Keeping price above 0.3$ would be good achievement these days
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