Hive price resisted by great downtrend line. After price correction on crypto market, Hive price reversed down after touching this downtrend line. Hive price went up 70% before this correction. It broke up 200-day moving average which is one of the greatest resistance. After this price correction, it went below this average.
Here you can see daily chart of Hive price. There were uptrend lines on Hive price chart. During this price correction, Hive price broke down these uptrend lines. 100-day moving average supported Hive price. Hive price should stay above this average.
Here you can see the indicators on daily chart of Hive price. There is downtrend line on RSI Indicator. MACD Indicator is trying to reverse up. There is also uptrend line on MACD Indicator. If it reverses up, this uptrend line will support MACD Indicator. Fisher Indicator reversed up from the bottom.
These major indicators seems bullish. They say that they are close to the bottom. We may see reversing up from this level. Hive price will be supported by 100-day moving average.
Hive price may try again to break up great downtrend line. We may see another try to break up this resistance.
We will see..