So we've been on a downtrend for a while now and about 80 days from when we broke below 17 cents. It's still the level I'm waiting for price to reclaim to for a push over 20 cents.
I've projected a path for the price in expectation that the green trend line which was former resistance has now flipped into support allowing the price to break over the mid point of the channel and continue upwards.
We will revisit after a few days and see how the price action has progressed. I'm not bearish on HIVE price currently as it has moved up over 30% from its lows but given its poor trading volume on major exchanges like Binance and overall lack of demand I'm not sure how fast it can move higher.
Weekly seems to be shaping up well and we have a double bottom on HTF as well. So let's hope price pushes higher in this month and perhaps over 20 cents in January would be great.
This post is not financial advice!
