Hive price is in price correction. After Hive price went up more than 70% in a few hours, it is still in price correction. I shared an analysis for Hive price chart and said Hive price might break down uptrend line. It happened. Hive price broke down uptrend line and supported by the middle line of depression zone. I shared this pattern a few months ago and I worked as well.
Here you can see daily chart of Hive. It is the first touch of the middle line of depression zone. We will see how it will support Hive price in this week. Hive price should reverse and go up!
Here you can see the indicators on Hive price chart. MACD Indicator is trying to reverse down. Fisher Indicator is on downtrend. These are bearish signals on daily Hive price chart.
Hive price should make a fake and reverse up again to continue bullish trend. Bitcoin price trend will support this scenario. I was waiting for price correction on Bitcoin price chart. It has not happened. Bitcoin price went up while killing short lovers.
Hive price should be supported by the middle line of this zone. If this happens, Hive price may break up the top line of depression zone and gets free.
We will see..
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