After 10th October market crash, lots of cryptos are trying to find the bottom. We have seen huge red candles in this market crash. Hive price is also trying to find the bottom. It is drawing possible bowl pattern.
Here you can see daily chart of Hive price. The power of sales are decreasing. Hive price is trying to reverse up. We have passed the half of bowl pattern. We only need a bullish trend to draw last half of bowl pattern.
When we look at the indicators on daily chart of Hive price, we can see that we may be at the end of the bottom level of bowl pattern. Because the bottom of RSI Indicator is increasing but the price of Hive is decreasing. ıt is possitive divergence on Hive price chart. We may be at the end of price correction.
MACD Indicator is also going up slowly. We may see bullish attack on MACD Indicator to go above 0 level.
Here you can see weekly chart of Hive price and the indicators. Fisher Indicator is on the bottom and ready to reverse up. MACD Indicator is also trying to reverse up. There is great downtrend line on RSI Indicator and it may be broken up in a few weeks.
These indicators appear bullish. We need only a few weekly green candles to turn these indicators bullish side.
After breaking up the downtrend line of RSI Indicator, Hive price may go up and we may see mini uptrend line.
If we dont see another market crash on crypto market, Hive price will reverse up in a few weeks. It may be good time and level to pick up discounted Hive.
We will see..