HIVE (HIVE / USD) Analysis - At what prices can HIVE reach? - RSI without force
Today HIVE breaks $ 0.60 and $ 0.50, price continues to correct
What are the next price targets?
Let's see
Analyzing the HIVE chart breaks $ 0.60 and $ 0.50, the price continues to correct with decreasing volume
Recall that the Hive price has gone up from the start the hive price has gone up forming an ABC, it produced a price DUMP of $ 0.09 to $ 1, which beat any forecast.
Yesterday we saw that the price corrected up to 0.5% fibonacci, marking the 1h oversold RSI.
Today we see that the price is still correcting. It breaks the supports of $ 0.60 and $ 0.50 and the price continues correcting
Key facts
- RSI indicates oversold values
- The volume continues to decrease in the last hours.
- Binance yesterday started trading Hive and does not allow withdrawals or deposits of the hive currency, it only allows trading with the hive holders in the exchange. Today the price has been balanced between the different exchanges.
Will you continue correcting the price?
The RSI shows us an oversold, without buying power, as soon as the indicator rises and falls again from the 41 point line
To start a new bullish path, the candles must maintain a good volume with bullish candles or rejection to lower values, create a support price, which is not happening for now.
Today it has broken the 0.60% fibonacci correction, the next goal is a correction of 0.786%.
Target
Target 1: $ 0.40
Target 2: Range $ 0.35 to $ 0.30
If we make memory 5 days ago we were at $ 0.18 today we are $ 0.50, it is approximately a 150% increase, it is a very good profit for 5 days
What do you think will follow the correction in Hive?
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