LeoFinance

Hive Price Touched Mini Uptrend Line

This is 3rd week that Hive price is in red candle. After 4 successive weekly green candles, Hive price touched great downtrend line and reversed down. After this green candles serie, Hive price started weekly red candles serie.

Here you can see weekly chart of Hive price. There was mini uptrend line on Hive price chart. After breaking down this first mini uptrend line, the second one will be the supporter of Hive price. Today Hive price touched this second mini uptrend line. We will see how it will support Hive price or not.

Here you can see the indicators on weekly chart of Hive price. Fisher Indicator is on the top and trying to reverse down. If we see more weekly red candles, we will see reversing on on Fisher Indicator from the top. MACD Indicator is going up slowly to go above 0 level. We need to see more weekly green candles to see this major indicator above 0 level. After Fisher Indicator reversing down from the top, we can see what happened before. We may see the same scenario.

There is great downtrend line on Hive price chart. We should see breaking up this resistance. If Hive price is supported by mini uptrend line, It may try again to break up this great resistance.

We will see..

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Comments · 3

@delirius(5)· 2d
3 semanas seguidas en rojo después de 4 verdes, clásico. Pero lo que me llama es el Fisher Indicator ese intentando girar desde arriba, si se confirma puede repetir el escenario que mostrás en la segunda foto. La pregunta real es si esa mini uptrend line aguanta o la rompen como la primera.
@jreyna1964(60)· 2d
Hola, amigo. Hacer el seguimiento después de esas velas verdes consecutivas para ver cómo reacciona Hive al retroceder y probar esa línea de tendencia alcista menor secundaria, es una forma muy limpia de mapear la estructura del mercado. Ver cómo se comporta el flujo de órdenes alrededor de estos niveles técnicos, nos da una imagen mucho más clara del sentimiento del mercado sin caer en especulaciones. Te deseo un excelente día por delante
@ogaaloysius(53)· 2d
Three red weeks after four green ones that's a normal pullback after a strong run. The key now is that second mini uptrend line. If it holds, we could see a bounce. If it breaks, we might look for support lower.

I'm not trading this, just powering up slowly and holding. Posts like yours help me understand what to watch.

Do you think the second trendline holds, or are we going lower?