1 HIVE = $1.02 USD -- Is it bouncing back?

puncakbukit (78)in #hive • 4 years ago

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_{(Charts by TradingView)}

Until about mid-January, we saw Hive alligator slowly drop below $1.25. It then fell sharply until it was well below $1.00 and bounced back again after that.

Currently, the MACD (Moving Average Convergence Divergence) oscillator seems to be in a bullish position. This implies that the price of this asset is rising.

Meanwhile, the Stochastic RSI (Relative Strength Index) oscillator seems to be in the overbought area. This indicates that the market price of this asset is already above its intrinsic price.

On the other hand, in the chart below, the price of Bitcoin, which was originally falling, seems to have bounced back. And usually, Bitcoin price fluctuations are followed by all other altcoins.

Now, it seems that the alligator's mouth, which was originally open downward, is beginning to close. Is it really falling asleep, or is it bouncing back?

Let's continue following the adventure of this Hive alligator.

1 HIVE = $1.02 USD -- Is it bouncing back?

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