Today is the pump day for Hive. It pumped and resisted by 200-day moving average. Hive price was below 200-day moving average for a few years. It is third time Hive price touched this great average.
Here you can see daily chart of Hive price. After market crash on 10th October, Hive price was in an descending channel. Hive price broke up this channel but 200-day moving average resisted Hive price. This is why Hive price is still in bearish trend. It should be broken up to enter bullish season.
It is the greatest resistance on Hive price chart before bullish season.
Here you can see the indicators on daily chart of Hive price. There was great downtrend line on RSI Indicator. It is broken up. This is why Hive price pumped. After breaking up this resistance, we have not seen enough price pump on Hive price chart. After correction, Hive price oumped more than 20% today. There is uptrend on Fisher Indicator. It reversed up from higher low level. We may see same moves on Fisher Indicator.
These major indicators show us Hive price is in possible mini uptrend.
We should follow Hive price chart. We should see Hive price breaking up 200-day moving average. 200-da moving average is going down slowly. Hive price will break and make daily close above this resistance.
We will see..
