Bitcoin entered price correction after touching 112K USD. It went down from 112K to 103K. During this price correction, Hive price went down from 0,.27 USD to the middle line of depression zone which is at 0,22 USD.
Here you can see daily chart of Hive price. I shared this draft a few years ago. It worked as well. It was hard to break up the top level of depression zone. This is why Hive price could not break up the top level of depression zone. I shared lots of analysis about Hive price chart and pointed the importance of the top level of depression zone. It is great signal for bullish trend of altcoins. If Hive price broke up this resistance, It would enter bullish trend.
Here you can see daily chart of Hive price. There was bowl pattern on RSI Indicator. It is broken down after this bearish move. There is uptrend line on MACD Indicator and It will be broken down. Fisher Indicator still has not decision for bullish.
So, we may see bearish trend on Hive price as Bitcoin. It will be great chance to pick up discounted Hive.
As I said, It will be great chance to pick up discounted Hive. Because it presents more than 40% apr in Binance.
It may be great choice to get passive income. Even Hive price breaks down, the cost will decrease day by day.
I will start to pick up discounted Hive.
We will see..
Posted Using INLEO
Great post! Your perspective is always interesting.
!BEER
!ALIVE
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