I will analyze what should happen for Hive to exceed the line of 200 periods per day
Almost 2 weeks ago we saw the first bullish impulse that took the Hive price to approximately 62 cents, I made a post, where I commented on the possible bullish targets and after the correction to 45 or 40 cents that has been fulfilled so far
Today Exceeds MA of 20 Days
This shows strength in the Hive price
We have already seen in previous posts how, by exceeding the MA line of 20, it has served as support in an uptrend.
That is why it is important that Hive exceeds the MA line of 20 periods daily chart.
Another important resistance is the MA average of 200 periods daily chart.
I analyzed this, in a previous post, comparing the current moment in the price of Hive, with the year 2021 below I leave you an analysis of 2021
It would be important if Hive can break above the 200-period MA in the next few days, as it would show strength for its medium-term bullish momentum.
And it could give us an indication of a possible upward trend line in the coming weeks to continue Hive with its upward momentum, repeating what happened and analyzed in 2021.
Where it breaks the 20-period midline after its correction, it struggles to break above the 100-period midline until it does.
The price exceeds the moving line of 100 periods and in search of the moving line of 200 periods daily chart.
At this moment the line of 20 periods crosses the line of 100 periods upwards.
At some point, the price rests on the 20-period line following its upward trend.
The price rises above the line of 200 periods daily chart.
Following the price an upward trend respecting the line of 100 periods in its corrections and with a trend marked by the moving line of 20 periods.
In this bullish cycle, the price of Hive goes from 10 cents to a maximum of 1 dollar.
When the price breaks the line of 100 periods, it would be indicating a continuation of the correction.
Hive needs a Bitcoin with an upward trend or its price sideways to continue rising.
Bitcoin today is testing the resistance of the 20-period MA line Daily chart.
Overcoming it would be a necessary condition for Hive to continue its bullish momentum in the medium term.
I will continue to analyze Hive in its bullish momentum, targeting the price of 1 dollar in the medium term.
Today is February 15 and it is #lpud day, remember to participate in the draw
