Today I bring you an analysis of the price of Hive following average lines, if history does not repeat itself but rhymes, the price of Hive could continue to rise. Keep reading.
Let's see.
The Hive price has been on an upward trend for almost a month.
In the last days it has broken upwards the resistance of the average lines of 20 and 50 periods daily chart, already having an upward trend in the medium term.
Today it is trying to overcome the average of 200 daily chart periods, which would be very bullish if the price can be maintained above this average.
But we already saw this movement before in 2022
Hive first breaks the 20 and 50 period averages, corrects, consolidates the price along the average lines until it finds the 200 period lines and exceeds them for a short time.
The price movement will be repeated, what do you think?
Good weekend, have a good time!!!
READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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