HIVE looks like it is about ready to start heading north again...

After consolidating the gains from the run up to $1, HIVE is starting to flatten out and finally look like it is ready to make another move.

The volatility has been coming out of HIVE for weeks now and the rate of decline has been slowing and slowing to the point it is now mostly going sideways.

Check it out:

(Source: https://bittrex.com/Market/Index?MarketName=BTC-HIVE)

Keep in mind that this is a chart in terms of BTC, so this doesn't necessarily mean it is getting ready to go up in USD terms, it just means it is likely to start making up some ground on BTC.

Hopefully it means in USD terms though too.

This can happen with HIVE going up or from BTC going down, or it can just be from HIVE going down less than BTC or going up more than BTC.

Confused yet?

You shouldn't be...

Anyways, looking at the above chart, it also looks like the MACD is about to cross as well.

A MACD cross has long been considered one of the hallmarks of trading indicators.

A flattening curve/price combined with the impending MACD cross lead me to believe that HIVE is going to start making up ground on BTC in the very near future.

What do you see?

Stay informed my friends.

-Doc