Even we saw green candle on weekly Hive/Bitcoin pair chart after 5 red candle, Hive price may continue to go down against Bitcoin price. It is still in falling wedge pattern and There is no signal this down trend has ended.
Here you can see weekly chart of Hive/Bitcoin pair chart. Hive price stuck into this falling wedge pattern and It is resisted by RSI Indicator on weekly chart.
When we see breaking up on RSI Indicator, we can say that Hive price will go up against Bitcoin price. But this breaking up is coming. We will see price reversing in a few weeks.
https://i.imgur.com/2nvOW1R.png
I think we will see after halving. Bitcoin price may go down after halving an Hive price will be solid against Bitcoin price.
Here you can see daily chart of Hive/BTC pair chart. There is another downtrend line on RSI Indicator on daily chart. Hive price should break up this yellow line.
https://i.imgur.com/zPvQGAJ.png
I am slowly pick up Hive from 0.3x USD level for my future. I am trying to flow cash to Hive. I need more passive income to flow cash to Hive to reach my goal.
My goal is to reach 100K Hive Power until altcoin season!
We will see..
