Hive price tried to not to break down great support line coming from November 2024. It was tested 4 times before and It supported Hive price as well. Today, Hive price broke down this great support line. It may be a bearish trap or not. If now, we should see the new pattern on Hive price chart for longterm.
Here you can see daily chart of Hive. I drew this draft a few months ago. It worked as well. We should follow Hive price for daily close to see above or below of this great support line.
Here you can see the indicators on daily chart of Hive price. There was uptrend line on RSI Indicator. It is broken down. As I said, we should follow daily close for Hive price chart. If Hive price goes up at the end of day, we may see daily close above this support line. If we see daily close above these support lines, It may be a bearish trap.
Fisher and MACD Indicators are going down. It we see green daily candles in a few days, they may reverse up and we may enter bullish trend again.
Even market goes down, it is great chance to pick up discounted crypto. I started to pick up discounted cryptos.
I hope we will enter bullish trend in a few months. We will see..
Let's see what happens.
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Good afternoon, the price of hive hopefully can go up in the medium term.
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