We have seen price correction on Bitcoin price chart after touching 86K USD. I shared a few analysis about possible price correction and It happened. After price correction on Bitcoin price chart, we have seen price correction on Hive price chart. I shared a few analysis about Hive price and pointed uptrend lines.
Here you can see daily chart of Hive price. There was mini uptrend line on Hive price chart. I pointed possible breaking down this mini uptrend line and It happened. There was another following mini uptrend line on Hive price chart and It supported Hive price.
There is also great average on Hive price chart. 200-day moving average supported Hive price. It may be hard to break down.
Here you can see the indicators on daily chart of Hive price. There was uptrend line on RSI Indicator and It is broken down. There was also mini uptrend line on Fisher Indicator and It is broken down. MACD Indicator also reversed down from the top.
These major indicators show us possible price correction.
200-day moving average is so important level for Hive price chart. We should not see breaking down this major level. If not, we will see Hive price going down. It was too hard to break up this great resistance. It should too hard to break down.
We will see..