Yesterday I missed the opportunity to get the hive from the bottom. It was my first level to buy Hive.
Here is red lines where is buying place for Hive.
Hive price spent days this rectangular place for 6 months...
After completing this area RSI reached ATH!
And RSI is falling down from February...
As you see RSI will be broken in August and this is the turn of trend.
I think Hive price will be trapped between two red lines a few days later. If BTC breaks dwon to 30K, We will see Hive price between 0,15 - 0,10 USD.
New bowl bottom formation will be observed at these levels.
Hive was new crypto for in altcoin season 2021 and It was undervalued.
After completing double dip, new ATH will be great for Hive price.
As you see in the chart of Hive, When Hive price reached 0,20 USD at the beginning of the year, RSI reached the top! So It is one of reason being undervalued....
So 2nd dip should not run long term. This can happen with new updates or new news...
