Hive Price can not Break up the Middle Line of Depression Zone
After crypto market dump, Hive price went down below the middle line of depression zone. It was hard to break down. After breaking down this major support level Hive price can not break up it again.
Here you can see daily chart of Hive. There is also curve resistance on Hive price chart. Hive price should both of them to escape from depression zone. Hive price will try it to break it again. I think Hive may break up them in next try. We may see the next try in next month.
Here you can see the indicators on daily chart of Hive price. There is downtrend line on RSI Indicator. Hive price may break up it in next try. Even Fisher Indicator is going up, Hive price can not go up. So, we may see another mini price correction on Hive price chart in a few days.
There was mini uptrend line on MACD Indicator and It was broken down last month. We should wait to see new pattern on MACD Indicator. It will be bullish patteren on MACD Indicator.
So I am waiting for bullish attacks on Hive price chart. Hive price will break up curve resistance and It will break up the middle line of depression zone. Hive price should stay above upper channel of depression zone during price correction of Bitcoin.
Double bottom pattern appeared on Hive price chart. Hive price should keep it.
We will see..