Hello again. I shared a Hive chart in the first days of last November. The price was at the level of $0.36. It is moving towards the supply-demand region, which is in the 0.35-0.29 price range. Today I will share the last Hive graphic of the year. There is a downward movement. Of course, it is not possible for us to know how far the price will fall or where it will turn and start to rise. Let me share the chart I followed.
I took the screenshots below from Tradingview site. I am following the HIVE/USDT chart of Binance exchange as the volume is higher. The first chart is weekly.
The above-mentioned 0.35-0.29 supply-demand region has been broken to the downside. The price is at the 0.25 level. 0.25, 0.2 etc. numbers are psychological resistances. Below is a supply-demand zone in the 0.23-0.2 price range. If there is an upward turn, we will test the 0.29-0.35 region again.
The chart above is for 4 hours. I added it for those who follow the price in the short term. The $0.25 and $0.2 prices are critical support points for us. If there is an upward price reversal, we will follow the $0.3 price.
This is not a bullish or bearish signal. And this article is not investment advice. You should make your investment decisions yourself according to your psychological and financial situation. It would be more beneficial to see this sharing as an educational work. Ll see.