Hello, dear members of LeoFinance!
Today, I just want to outline that HIVE/USD is at a crossroads.
In the 4-hour chart (4H), HIVE/USD is at the trend (support) line:
As can be seen from the chart, there is a descending line (resistance) putting pressure on the price of HIVE. The trend line and resistance line are forming something similar to a Symmetrical Triangle. It would be nice if HIVE/USD continues its upward journey and breaks thru the resistance. There is still a chance that it may happen, but let's wait and see!
To be continued ...
As of the time of writing, one HIVE costs $0,4837 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 last almost 15 years, and as a cryptocurrency analyst for 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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