Hey all. I reported a few days ago that this cross over of moving averages looks likely, and it actually happened today-
I'm not a TA expert nor claim to be, but just want to share the most basic trading advice is that the trend is your friend. You can see the trend by looking at the moving averages. Hive has been in a shitty bear trend since May. You can see that with the long term moving average above the middle term moving average above the short term moving average and they're all moving down.
In order to be in a strong bull market you want the opposite. You want the longer term at the bottom, the middle term above that, and the short term above that and they are all moving up.
in order to go from bear to bull you need to start getting these cross overs on the daily candle. We just had the first one. We'll then hope for the short term to cross over the long term average, and then the middle term average to cross of the long term. When all those crosses have completed we'll be back in a bull market. Here's hoping...