There are lots of great resitances on Hive price chart. Hive price tested to break up 200-day moving average which is the greatest resistance on Hive price chart. I shared a few analysis about 200-day moving average and pointed the importance of this great resistance.
Here you can see daily chart of Hive price. The first resistance is 100-day moving average. It is the first target to break up and stay above this resistance. Hive price is touching this resistance for a few days. Even Hive price is in mini bullish trend. This is why Hive price can not go up fast. Hive price should stay above this 100-day moving average to test again to break up 200-day moving average.
Here you can see the indicators on daily chart of Hive price. There was mini downtrend line on RSI Indicator. It is broken up. After breaking up this resistance, Hive price got a few daily green candles. There is uptrend line on Fisher Indicator. Hive price may continue to go up.
There is also mini uptrend line on MACD Indicator. These major indicator seems bullish. We may see bullish trend on Hive price for a few weeks.
This is how Hive price can stay above 100-day moving average.
It is so possible to see Hive price breaking up 100-day moving average. We should follow this average.
We will see..
Posted Using INLEO
