Posts

The beginning of another bullish journey for HIVE ?

avatar of @maoyagi
25
@maoyagi
·
·
0 views
·
1 min read

So today the HIVE price went down to touch $1.2800 but the price could not still break the $1 price floor ,

which means that the 1$ HIVE is here to stay for as long as possible so we should not expect to see A hive price that is below $1 anymore..

The eight hours chart shows the beginning of a bullish trend on the HIVE market but one do not know how long the bullish move will last..

The daily chart shows that the RSI indicator is signalling a trend reversal which involves a bearish market that is about to go bullish...so whatever happens in the next eight hours candle will determine if there is a confirmed trend reversal on the daily chart...it the trend reversal is confirmed then the HIVE is about to hit the $2 price again and it will occur so soon..

The 12hours chart also confirms the new bullish move , we just need to wait for the daily chart to give its own signal so that we can confirm how valid the bullish move is and how long the bullish movement will last...

There are alot of interesting things going on in the hive market and It is great to see that hive is fast acting on its own without relying on bitcoin dominance.

Posted Using LeoFinance Beta