Testing Prior Support Levels
It should be clear from the chart, but HIVE appears to be testing some old support levels seen last in the prior bull run. With this latest dip back down, we might finally be at that zone in which we consolidate and eventually punch through. Traditionally, I've read that stocks tend to usually consolidate and punch through on their fourth support line test. We've already had at least one. It'll be interesting to see if such technical analysis can be applicable here as well.