Finally Hive price pumped today. Hive price was in a descending channel since 10th october market crash. Finally Hive price broke up the top line of this channel and It pumped today. Hive price pumped 40% today! It is nice to see this pump. We were waiting for this pump and It happened. Hive price touched 200-day moving average.
Here you can see daily chart of Hive price. I shared lots of analysis about this descending channel. Hive price were touching the top line of this channel and Finally It broke it up. You can see what happened after breaking up this descending channel. This is why Hive is one of the best performer crypto today.
Finally, Hive price broke up this descending channel. We may see the new mini bullish trend on Hive price chart.
Here you can see the indicators on daily chart of Hive price. There was great downtrend line on RSI Indicator. It was broken up. It was great downtrend pattern. It is broken up. This is why Hive price pumped.
There was mini uptrend lines on MACD Indicator. You can see what happened after breaking down this mini uptrend line. Hive price pumped today with huge green candle. It did not break down this mini uptrend line.
Fisher Indicator is on the bottom and It may go up.
200-day moving average may resist Hive price.
200-day moving average is great resistance on Hive price chart after breaking up this descending channel. It may resist Hive price. We should follow this moving average. If Hive price breaks up this resistance, Hive price will enter mini bullish trend.
We will see..