This is 6th Month after 5 monthly red candles on Hive price chart. We have seen these red monthly candles series at he beginning of 2024. After this red candles series, Hive price entered mini bullish trend.
Here you can see monthly chart of Hive price. We may see same scenario on Hive price chart. Hive price may draw bowl patter as before. 0,15 USD is the level of 8-month moving average. Hive price may go above this level and enter bullish trend.
Here you can see the indicators on monthly chart of Hive price. Fisher and MACD Indicators are on the bottom and trying to reverse up. I circled the similarities between past and now. You can see what happened after reversing up. There is also downtrend line on RSI Indicator. It is broken up.
We need a few green monthly candles on Hive price chart. Fisher Indicator is on the bottom and It will reverse up in a few months. So, it is so possible to see monthly green candles in next months.
I shared lots of analysis about Hive price chart and I said it is great level and time to pick up discounted Hive below 0,10 USD level. It may be the least chance to pick up discounted Hive.
We will see..