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.
FOREX BROKR | Hive Blog
Higher time frame market analysis.