Today Hive was one of the best performer on crypto market. Hive price pumped 50% today and reversed down. We have seen same price pump on Hive price chart in this month. Hive price is still below 200-day moving average.
Here you can see daily chart of Hive price. 200-day moving average is great resistance on Hive price. It is tested two times to break up and make a daily close. I shared an analysis about Hive price a few days ago and I said It is good to see Hive price stay above 100-day moving average. It is so hard to break up 200-day moving average. Even It is broken up today, It is hard to stay above this resistance. If Hive price stays above this average, It will enter bullish season.
Here you can see daily chart of Hive price. Fisher Indicator reversed uo from the middle level. There was uptrend lines on MACD Indicator and they are broken down. MACD Indicator is trying to reverse up.
There was great downtrend line on RSI Indicator and It is broken up a few days ago. This is why Hive price is trying to enter bullish season. We should see daily close above 200-day moving average.
I believe that we will see daily huge candle on Hive price. We will see daily huge close on Hive price chart. When we see, Hive price will close above 200-day moving average and we will enter long bullish season..
It may be time to pick up.
We will see..
