Today, Hive price touched the bottom line of depression zone where Hive price is in this zone for 6 months. I shared lots of analysis and said Hive price will be stucked into this depression zone to pick up discounted Hive. Even Hive price is trying to test the lowest level in last 3 years, I am very happy to see Hive price at this level. Because This is great chance to pick up discounted Hive.
Market Maker is trying to make lowest levels on crypto market before 2024 US Election. Even Bitcoin price is close to all time high, lots of altcoins melt. They are in depression zone. Depression time period is the last time before bull run. Market maker gives you fear to pick up your discounted cryptos. I shared lots of analysis about Hive price chart and said I was waiting to touch the bottom line of this zone for hive price chart!
Here you can see monthly chart of Hive. This is why I am very happy for Hive price chart. MACD and Fisher Indicators are on the bottom. Hive has great potential for bullrun. Bullish season may take more than 8 months for Hive price chart. We only need a trigger for crypto market. 2024 US Election may be the trigger for crypto bullrun.
It may be the last touch the the bottom line of depression zone. After touching the bottom, I am waiting for reversing on Hive price chart and Hive price may try to break up resistances. The middle line and the top line of depression zone are great resistances for midterm.
I am flowing my cash to market to pick up discounted crypto. You remember 2020 March. MArket crash is coming soon. Be ready and pick up discounted cryptos.
We will see..
Congratulations @chorock! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next payout target is 43000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
Your next target is to reach 84000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Black swan event is waiting around the corner.