Hive Price is Close to Middle Line of Consolidation Zone
Hive price is in consolidation zone for a year. I shared lots of analysis for Hive price and said this consolidation zone is good level to buy Hive before altcoin season. It is good level to pick up Hive.
Here you can see daily chart of Hive. Hive price broke down the middle line of this consolidation zone when Bitcoin went down from 48K to 38K..
Hive price is under the middle line of this zone. Hive price should break up this middle lien to be traded on top channel of this channel.
The middle line of this zone will be a resistance for Hive price. Hive price should break up 0,32 USD..
When we look at the indicators on weekly chart of Hive, Hive is close to reverse from the bottom. There is fisher Indicator on weekly Hive orice chart and show us the closing of reversing.
If it reverse, Hive price may break up the middle line of consolidation zone and may retest to break up the top line of this zone.
If Hive price breaks up this consolidation zone, noone can hold Hive price. Hive Price will go up to All time high...
So, it may great time to pick up Hive.
We will see..
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It is obviously a good time to buy Hive. However, I will still do my personal research to know when the consolidation is over.
Thank you for sharing
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