TA: HIVE/USDT - Price was unable to remain above the weekly order block

Hi HIVIANS,


in my last TA about HIVE/USDT I said that we need a clearly close above the weekly order block - preferrably with a weekly candle.
This has happened, but the BTC selloff prevented the HIVE-bulls to hold the line: The price dumped below the weekly order block and is now retesting it.


Again, we need to close above this order block with a weekly candle - otherwise, the price may remain in a bearish momentum.

I drawed (my personal) two scenarios on the chart: A bullish one and a bearish one!

grafik.png

HQ Version


What do you think about this? Feel free to let me know!

Have a nice day

Peace

XCHNG

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