HIVE UPDATE : SUPPORT LINE AT USD 3.00
Yesterday we have talk about double top was forming at 4 hours , but this morning those selling pressure is only correcting the price after the bullish big candle and continue bullish trend at this morning approaching those resistance at USD 3.00
This bullish trend yesterday was supported by previous bullish divergence making move from support at USD2.00 to resistance line at USD 3.00 . HIVE making huge movement area for USD1.00 which can be profitable for intraday HIVE trader.
Even thought the average trend is still bullish , but there is no strong pattern or any announcement that will break the latest HH or resistance . Overall , i was expecting strong seller rejection after few days of sideway movement in those R & S area.
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If the price making rejection and forming double top and break the support at USD 2.00 it ll probably making bearish movement.
This is another update for my learning journal.
Notes: This is my personal learning process journal , not a professional advices because i also still learning.
Posted Using LeoFinance Beta
