📈 Daily TA: HIVE (HIVE/USD)

Hello, dear members of LeoFinance!

Today I will comment on the price chart of HIVE.

So, on the weekly chart (1W) of HIVE/USDT, it seems that this week the local low will remain above the local low of the previous week, and the local high is already above the previous high - which I consider as a slight bullish signal:

However, in the 4-hour chart (4H), HIVE/USDT is still within the Descending channel (downtrend): As can be seen in the chart, at the moment HIVE/USDT is in the upper bound of the channel. So, let's cross our fingers for HIVE and hope that exits the channel and puts an end to the downtrend.

To be continue ...

p.s. at the time of writing one HIVE costs $0.1202 on Binance, 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 14+ years, and as a cryptocurrency analyst for the last 3+ 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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📈 Daily TA: HIVE (HIVE/USD) | 15-11-2020