Hive price is in depression zone. It could not reach consolidation zone while Bitcoin price reaches all time high level. If Hive price breaks up the top level of depression zone, it will enter mega bullish trend as past. This is why Hive price stuck into depression zone.
Here you can see daily chart of Hive price. It is great level to pick up discounted Hive. The middle line of depression zone is great support level for Hive price. Hive price reversed uo from this level in last time. It may support again Hive price from this level again.
You can see what happened when Hive price broke up the top level of depression zone. I am waiting to see breaking up the top level of depression zone in this year..
Here you can see the indicator on daily chart of Hive price. Fisher Indicator is on the bottom and trying to reverse up. MACD Indicators is also on the bottom and trying to reverse up. We may see price reversing up on Hive price chart in a few days.
You can see what happened when both MACD and Fisher Indicators reversed up from the bottom.
So, it is nice to see Hive price below the midddle line of depression zone. It is a bearish trap and It is great chance to pick up discounted Hive.
We will see..
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