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(Chart by TradingView)
Until about February 6, the Hive alligator against Bitcoin was seen sleeping on ₿1700 Satoshi. Since then it has been moving on again in search of food ever since.
Meanwhile, the Moving Average Convergence Divergence (MACD) oscillator has re-entered a bearish position. This indicates that the price of this asset is falling again.
However, the stochastic Relative Strength Index (RSI) oscillator is in neutral territory. In other words, the market price of this asset corresponds to its intrinsic price.
And now we see that the alligator is showing signs of closing its mouth. Will it sleep soon?
Let's continue following this Hive alligator adventure with bitcoin.
See also:
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