Hello friends, how are you all? I hope you all are good and healthy. Today I am making a new post which is about Hive coin because Hive has been seen falling below the form of lower low, lower high for a long time, so I thought today a discussion should be done about it. First of all, if we talk about the king of the crypto world, Bitcoin, then Bitcoin is also not sustaining at its lifetime high for a long time, due to which it is also seen coming down in the form of lower low, lower high. If Fibonacci is applied on a weekly time frame in Bitcoin, then right now Bitcoin is sustaining at 57,000. If the weekly closing gives below 57,000, then you can see the next turn in Bitcoin up to 47000.
Friends, if we talk about the chart of Hive, then it is currently stuck at the support of its daily chart which is 0.19. If it stays below 0.19 for some time, then its next target can probably be seen near the all-time low. A new resistance has been formed for Hive on 1 hour , which was a very strong support in the past, it has now become a new resistance, that is at 0.26. If somehow Hive stays above 0.26 and some time passes, then the fall in Hive can be seen stopping and in the coming time some buying can be seen and it can move towards its higher levels. I am not a financial advisor, so you plan your trade keeping in mind your research and analysis.
