HIVE Price Analysis (Major Support and Potential Short Trade)

Hive has been going down ever since it broke 0.20$ (~1800 sats) support level and now we are sitting at the major Support levels which are ~1290 sats and ~1030 sats.

If HIVE is to fall below the current support level, I am going to Short it with 5x leverage because after that support broken, we will find the support at ~1030 sats which is around 20% lower than its current level.

![Screenshot 20201006 at 5.45.11 PM.png](https://files.peakd.com/file/peakd-hive/funnyman/A9ZHG2RR-Screenshot202020-10-0620at205.45.1120PM.png) Major Support Levels

In addition, a lot of the indicators has already suggested to short but now it is sitting at the major support level and I want to see how it plays out.

Personally, I am expecting a good bounce from the current levels because of the HIVE HF24 and its hype. It has started to gain attention and hopefully we will see a reversal in the trend.

Keep a close eye at the ~1290 sats level as it will decide whether we are going even lower or a reversal is waiting for us.