HIVE We will return to 80 cents or will continue in correction
Let's see
Yesterday I made a post announcing a divergence in the RSI that could indicate that the price of Hive had reached a maximum of almost $ 1 dollar, and that the value could already fall.
Analyzing the chart, we see that from the start the hive price has escalated forming an ABC, it produced a price DUMP at $ 0.09 at $ 1, which exceeded any forecast.
Then we see several candles on the 1 hour chart which cannot break the price of $ 1 dollar
Today we saw that the price corrected up to 0.5% fibonacci, marking the oversold RSI of 1h.
Key facts
- RSI indicates oversold values
- The volume has decreased in the last hours.
Will you still correct the price?
The RSI shows us oversold which may indicate a slight correction in the next few hours.
To stay bullish the candles should maintain good volume as long as the trend is bullish, which is not happening for now.
What do you think will follow the correction in Hive?
Leave your comment or your vote. Your opinion and participation is important
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The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
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