This is 5th week that we are in red weekly candle. There was great triple bottom pattern on Hive price chart and It is broken down by 10th October market crash. It is one of the longest red weekly candle serie on Hive price chart. We may see greeen weekly candle on Hive price chart in next weeks.
Here you can see weekly chart of Hive price. We have seen 6 weekly red candles serie on the middle of 2024. After this time we have not seen weekly red candle series more than 4 weeks. So, this is how strange trend. Hive price may get green candles in next weeks.
Here you can see the indicators on weekly chart of Hive price. There is great support line on RSI Indicator. It is possible to see RSI Indicator above this support line adter weekly close. Because It is great pattern on Hive price chart. If it is broken down, We need to see the new pattern. It was coming from the beginning of Hive price chart. It shows us the importance of this uptrend line on RSI Indicator.
MACD and Fisher Indicators are on the bottom. If we see green weekly candles on Hive price chart, they will reverse up.
So, indicators are ready to reverse up.
I believe that it is great level and time to pick up discounted Hive to build our Hive Blockchain accounts. It is great time to power up. Because staking rewards are so high. Hive price is cheap. More Hive more passive income.
We will see..
Posted Using INLEO
not great but it gives me time to add while its low and make new friends.
Great time to stack more.
I try to look at the positive side.