Hello, dear members of LeoFinance!
Today I want to outline something interesting the price chart of HIVE.
In the daily chart (1D), HIVE/USD is trying to break through the upper line of the Descending Wedge:
As can be seen from the chart, right now, the price is already outside the wedge. Let's hope that the 360-day Moving Average (MA 360) will provide enough support for the cryptocurrency to put an end to the Descending Wedge and later renew the uptrend.
To be continued ...
As of the time of writing, one HIVE costs $0.2943 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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