It is good signal that Hive price closed the week above 8-week moving average. It is important signal for mid-term. Hive price may be close to the bottom. There are signals for reversing up.
Here you can see weekly chart of Hive price. We have seen red and green candles in last weeks. There is no weekly red candle series in last months. Hive price is trying to reverse up from the bottom. There are a few bottom pattern on Hive price chart. There was a descending channel on Hive price chart and It was broken up. We started to se green weekly candles on Hive price chart.
Here you can see the indicators on weekly chart of Hive price. Fisher Indicator reversed up from the bottom. MACD Indicator is going up It should go above 0 level. There is possitive divergence on RSI Indicator. The bottom of RSI Indicator is increasing but the bottom of Hive price is decreasing. It is a possitive divergence. We may see the result of this divergence.
We may see price pump for mid term.
It may be good time and level to pick up discounted Hive. Crypto market and Hive price may be close to the bottom and may be at the end of bearish season. We may enter bullish season in a few weeks. Hive price chart also show us possible reversing up.
We will see..
