Hello, dear members of LeoFinance!
Today I want to outline some very interesting technical patterns in the price chart of HIVE
In the 4-hour chart (4H), HIVE/USD has declined significantly within the last few days. Nevertheless, the price chart has remained within the Ascending channel (uptrend):
Interestingly, the price of HIVE has received support at the 30-day Moving Average and the lower line of the channel (trend line). Theoretically, the chances are high that the uptrend will resume and HIVE/USD will continue its upward journey within the channel
To be continued ...
As of the time of writing, one HIVE costs $0.5661 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years and as a cryptocurrency analyst for the last almost 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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