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HIVE Breaks Descending Triangle Support

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forexbrokr.
@forexbrokr
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Direct from the desk of Dane Williams.



I'd seen a few on LeoFinance talking about a triangle with the possibility to rip.

But on the following HIVE chart, you can see it's clearly a descending triangle without even drawing the line so odds were always on a break to the downside.

HIVE/USD Daily:

With Bitcoin capped by resistance and now dropping lower alongside equities, HIVE couldn't hold support and broke out of the triangle lower.

If you want a reason for the fall, we can say it's getting sucked down alongside Bitcoin in these zany Covid times.

I really can't give you more than that...

Best of probabilities to you,

Dane.



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