Hello, dear members of LeoFinance!
Let's have a look at the price chart of HIVE/USD!
So, in the 4-hour time frame (4H), HIVE/USD is approaching the resistance line:
Probably, HIVE will try to break through the line, but there is no grantee that this attempt will be a successful one. As can be seen from the chart, recently HIVE has tested the resistance line a few times, but couldn't break out.
Although there has not been any breakout so far, there is one positive thing - the slope of the resistance line is changing, it is becoming less bearish. (In the chart above can be seen that the slope of the new resistance line is less bearish than the slope of the old resistance line).
So, fellow LeoFinancier, do you think that this time HIVE is going to break through the resistance line and put an end to the downtrend?
p.s. at the time of writing one HIVE costs $0.1439 according to LeoFinance.io
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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