Hive Price is Trying to Stay Above great Support Line
Even crypto market is going down after price correction on Bitcoin, Hive price is solid and trying to stay above great support line. Even lots of crypto are down more than 50% from the top, Hive price is only down 30% from the top. There are lots of reasons that Hive price has great performance during price correction season on crypto market.
Here you can see weekly chart of Bitcoin. Hive price is in consolidation zone. It is trying to stay above the middle line of consolidation zone.
There is uptrend line on Fisher Indicator on weekly chart of Hive. If we see a few red candles on Hive price chart, Fisher Indicator will break down uptrend line. Hive price will enter correction after this breaking down..
Even Hive will enter price correction, monthly chart of Hive seems bullish. Fisher Indicator reversed up from the bottom. MACD Indicator also revesersed up from the bottom. There are major signals for Hive price chart seems bullish for long-term..
Even Hive price enters price correction on midterm, Hive price entered bullish season for longterm.
Weekly and Monthly closes are coming soon. They are important to see the future of crypto makret and Hive for mid and long term.
We will see..
Hive will definitely perform very much in the next few weeks as I am so sure of that
Well, this may just be a difference of opinion but I do not see it taking support above an important level but rather holding below a key level. However, in both cases the prices are holding and this is a good sign.