Today Hive price touched downtrend line and tested to break up this resistance. It comes from the beginning of March. Ir is tested 4 times before. This is 5th times to test to break up. Will it break up?
If Hive price breaks up this resistance, Hive price will enter bullish trend. Here you can see daily chart of Hive, Hive price is at depression zone. 0,26 USD was great support for Hive price and It is broken down. Hive price entered picking up level during depression...
If Hive price breaks up this downtrend line, the middle line of depression zone will be new major resistsance for Hive price.
Here you can see weekly chart of Hive. The indicators of this chart is trying to reverse from the bottom. MACD Indicator need only a few weeks to revese. Fisher Indicator also reversed from the bottom..
This is 3rd green week and next week will be decision for Hive price to enter bullish trend or continue downtrend.
I think It may wait until FED meeting. It may be early before seeing the decision of FED for interest rates.
We will see..
Posted Using InLeo Alpha
