Hive Price Touched Mini Uptrend Line
This is 3rd week that Hive price is in red candle. After 4 successive weekly green candles, Hive price touched great downtrend line and reversed down. After this green candles serie, Hive price started weekly red candles serie.
Here you can see weekly chart of Hive price. There was mini uptrend line on Hive price chart. After breaking down this first mini uptrend line, the second one will be the supporter of Hive price. Today Hive price touched this second mini uptrend line. We will see how it will support Hive price or not.
Here you can see the indicators on weekly chart of Hive price. Fisher Indicator is on the top and trying to reverse down. If we see more weekly red candles, we will see reversing on on Fisher Indicator from the top. MACD Indicator is going up slowly to go above 0 level. We need to see more weekly green candles to see this major indicator above 0 level.
After Fisher Indicator reversing down from the top, we can see what happened before. We may see the same scenario.
There is great downtrend line on Hive price chart. We should see breaking up this resistance. If Hive price is supported by mini uptrend line, It may try again to break up this great resistance.
We will see..