It was 6th red month on Hive price chart. Hive price closed the last month at lowest level. Even it seems bearish candle, It may be good for reversing up.
Here you can see monthy chart of Hive price. Hive price started the new month with green monthly candle. This is why it may be good for reversing up. Hive price can get monthly green candle in this month.
We have not seen 6 monthly red candles on Hive price chart. It happened. It is 7th monthly candle, we may see it as green. If it happens, Hive price may start mini bullish trend.
Here you can see the indicators on monthly Hive price chart. Major indicators are trying to get ready before mini bullish trend.
MACD Indicator is on the bottom and trying to reverse up. Fisher Indicator is also trying to reverse up.
If we see monthly green candle on Hive price chart, we may see reversing up on these indicators.
Hive price should go above 8-month moving average..
When we see monthly green candle, we may see more green candles following it. Hive price may go up 10 cent again.
It may be good level and time to pick up discounted Hive. I shared a few analysis about Hive price chart and I said It may be a double bottom pattern on this chart.
We will see..
Posted Using INLEO