There was mini curve support line on Hive price chart during bullish run in July. Hive price broke down this mini curve uptrend line. After breaking this mini uptrend line Hive price went down today with market correction. Even Hive price touched 0,27 USD during this bullish run, today it touched 0,23 USD. Even It touched 0,23 USD, Hive price supported by mini uptrend line.
Here you can see daily chart of Hive price and my draft. I shared this draft a few years ago and It worked as well. Hive price is still in depression zone. This why Hive price can not go up. If Hive price breaks up the top level of depression zone, Hive price will enter bullish trend. So, It may be early to break up this great resistance.
Here you can see the indicators on daily chart of Hive price. MACD Indicator reversed down from the top. Fisher Indicator reversed down from the top. These are the reasons that Hive price can not go up. We should see price correction on Hive price chart.
The middle line of depression zone is the first target of price correction.
Hive price may break down this mini uptrend line. If it happens, I will start to pick up discounted Hive. Hive have not entered bullish season. This is why I will pick up discounted Hive.
We will see..