The HIVE/USD IS currently trading at $0.5888 as at the time of this post...this price is definitely lower compared to is previous price in the past few days and many people are beginning to get scared if the bull run has stopped and that a bearish trend have started...
well base on my own personal analysis,the HIVE is still bullish on the long term market,a retracement occurred on the weekly chart and the price find it hard to break down the support level which is at $0.4900 ,a break below the $0.49 will lead to the beginning of a full bearish trend on the market,but i do not see that happening....
Well right now on the daily chart,it is indicating that the bullish trend will continue and any break above the price resistance levels at $0.67 will send the price of the HIVE to get to $0.75 before end of this week and the price will increase continuously till it reaches the next resistance level which is $1.05.....
on the weekly chart,a retracement is still occuring...
weekly chart...
But the thing about the crypto market is that there are also more factors that also determines the psychology of the market and sometimes the psychology of the traders can also change the direction of the market,so making analysis on the market and doing your predictions do not mean it will always happen all the time,the market behaviors of the traders on the market also determines what happens on the market...
But based on an accurate analysis you can easily predict the market if everything goes the way it should....
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