Hive Price will test to Break up the Top Level of Depression Zone

in Project HOPE • 14 hours ago

Hive price is in depression zone after went down from 0,70 USD. There was mini uptrend line on Hive price chart and It was broken down. After breaking down mini uptrend line there was a curve resistance. It resisted Hive price and Hive price went down to 0,18 USD. It was very good chance to pick up discounted Hive.

Here you can see daily chart of Hive price. Hive price broke up curve resistance a few days ago. After breking up this resistance, Hive price went up and It will touch the top level of depression zone. I shared lots of analysis about this curve resistance. The top level of depression zone is important. Because It is the signal of bullish season. You can see what happened the last breaking up on the top level of depression zone..

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Here you can see the indicators on daily chart of Hive price. Fisher Indicator reversed up on the top. MACD Indicator is going up slowly. It is trying to go above 0 level. So, we may see uptrend on Hive price for a few days. But As I said, It may be hard to break up the top level of depression zone. When it breaks up, we will see bullish trend on Hive price and altcoin season.

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Even Hive price up 30% from the bottom, it is still discounted. It may be the time to pick up discounted Hive.

We will see...

#crypto #palnet #krsuccess #analysis #trading #bitcoin #projecthope
14 hours ago in Project HOPE by
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     14 hours ago 

    @chorock, great to see your Hive price analysis trending! Your breakdown of the "depression zone" and the potential breakout is really insightful. The way you've highlighted the curve resistance and the significance of breaking through that upper level is fantastic. The charts are clear and easy to follow, even for someone like me who's still learning the ropes of technical analysis.

    The point about Hive still being discounted even after the recent pump is a compelling one. I'm definitely going to be watching those indicators you mentioned – the Fisher reversal and the MACD trend. Thanks for sharing your expertise! I am going to resteem this, to see what others think. What are your next price targets if we break through that upper resistance?

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