After market crash, lots of altcoin touched all time low. Hive price touched 0,26 USD. There was great support line coming from the bottom. Here you can see daily chart of Hive. The support line is coming from the beginning of November. Hive price touched there in December. Yesterday Hive price touched there again and It become great support line..
You can see what happened after touching the great support line. Hive price is still in bullish trend. There is no signal for bearish trend. Even lots of altcoin are at all time low level, Hive price is in still bullish trend.
Here you can see the indicators on weekly chart of Hive. Even Hive price is in still bullish trend, Hive price entered price correction for midterm. MACD Indicator is close to reverse down. You can see what happened after reversing down on MACD Indicator. Fisher Indicator is going down. It need a few weeks to touch bottom. Even Hive price enters price correction, It may not break down great support line...
Even Hive price enters price correction for midterm, there is no doubt that Hive price is in bullish trend for longterm. I think Hive price recovery its loses after market stays safe.
We will see..
Posted Using INLEO