Altcoin season is on the table even Bitcoin price went down and could not break up after FED interest rates updates. Crypto market needs new major news for trigger.
During this time, we need to pick up undervalued and discounted cryptos. Hive is one of them. Even Hive price went up 40% from the bottom, it is still undervalued. Hive price went down to good level to pick up..
Here you can see daily chart of Bitcoin. Hive price is at depression zone. Even It break up the middle line of this zone, we have not seen daily close above this resistance. It is under this resistance and went down. It is great level to pick up Hive..
When we look at the indicators on daily chart of Hive, We can see support lines on both MACD and RSI Indicators. RSI Indicator may be broken up in a few days. but MACD Indicator has great support line. If it breaks down, we may see huge price drop on Hive price. With this Hive price drop, It may touch the bottom level of depression zone!
I shared lots of Bitcoin analysis and said I was waiting price drop. I has jus started. If it goes down, we may see Hive price again at the bottom.
I hope We will see..
Posted Using InLeo Alpha
