There were lots of support lines on Hive price charts indicators. Hive broke down these supports. We may see a bottom on Hive price chart due to breaking down. It may be great time to pick up before altcoin season. I was waiting with my cash to buy discounted Hive.
Here you can see daily chart of Hive. Hive price is at depression zone. Hive price may go to the bottom line of this depression zone.
There was a support line on RSI Indicator and it is broken down. There was support line on MACD Indicator and it is broken down. Fisher Indicator is also reversed from the top. This is why I am waiting for price drop on daily Hive price chart.
Even it seems as bearish on daily Hive price chart, Monthly chart seems very bullish. Here you can see monthly chart of Hive price. MACD Indciator is trying to reverse. It moved as fake in April and did not reverse.. It i may be great time to reverse from the bottom in next months. Fisher Indicator is also going down and going to the best level to reverse. When it reverses up, we may enter mega bullish altcoin season.
So, I am very bullish for Hive for longterm. I am picking up Hive slowly to get ready for altcoin season.
We will see..
