After 10th October market crash, Hive price touched 0,03 USD level. It was all time low level. After this market crash, Hive price went down slowly from 0,09 USD to 0,03 USD again. Lots of of altcoins have the same chart.
Here you can see daily chart of Hive price. Hive price was in great descending channel. After breaking up this channel, Hive price resisted by 200-day moving average. After reversing down this average, Hive price retested the top line of this great descending channel.
There was mini support line on Hive orice chart. It is broken down a few days ago. After breaking down this mini support line, Hive price is going to the new all time low level.
Here you can see the indicators on daily chart of Hive price. There were mini uptrend lines on MACD Indicator. You can see what happened after breaking down these mini uptrend lines. We may see the same scenario. Fisher Indicator is close to the bottom and trying to reverse up. There is great resistance on RSI Indicator. We may see breaking up this great resistance in next month. After breaking up this resistance, Hive price may start to reverse up from the bottom.
We may be close to the bottom. It may be time to pick up discounted Hive, If crypto market alive.
We will see...
Posted Using INLEO
