What's up my friends. This is your SeerSignals for navigating crypto space. I will be posting technical analysis on the current trends in the cryptoverse and for this introductory post we will talk about the $Hive token.
HIVE/USDT Chart, Daily Timeframe
A quick look at our Hive/Usdt daily chart, we see price broke out from a four month long trendline 6 days ago which was able to hit 0.44 dollar value from coming all the way from 0.28 dollar. which it eventually retested yesterday as a horizontal support. It did bounce at that yesterday and now we are seeing the price level in between the support line and 0.786 Fibonacci retracement level. As this happened RSI also bounced from the hidden support level which is a trendline which formed starting February this year.
What this tells as is a high probability that we will be having hive at higher prices in the weeks to come, potentially we are looking at 0.57 dollars as the likely price ceiling.
Hope you guys will hold on the you Hive until that happens.
That's all for now, follow this blog for more updates and let me know what think in the comment section below.
