There was mini bowl pattern on Hive price chart. After touching the bottom level of this bowl pattern, Hive price went up more than 50%. It was great performance during a few weeks. The bowl patterns level was going up day by day and Hive price break down this pattern.
Here you can see daily chart of Hive price and bowl pattern. I shared this pattern a few days ago. Hive price was going up as linear. It broke down this linear trend line and bowl pattern. It is possible to see price correction on Hive price and crypto market. I shared lots of analysis and said Hive price can show us the future of crypto market. If Hive price enters price correction, crypto market will also enter correction.
Here you can see the indicators on daily chart of Hive price. There is downtrend line on MACD Indicator. If we see a few daily red candles, This uptrend line will be broken down.
There was uptrend line on RSI Indicator and It is broken down. This is why I am waiting for price correction on Hive price. Fisher Indicator is also on the top and It needs for correction
So, Hive price may enter price correction.
Even Hive price enters price correction, it will not be a huge price correction. It may be hard to touch the bottom level of bowl pattern. Hive price is still above 25% from the bottom of bowl pattern. It will bem great chance to pick up discounted Hive.
We will see..
