HIVE/USDT Falling Wedge pattern. Battling for important support

30 thg 6, 2021

HIVE is declining since April as many other crypto coins are too.
We are looking at a falling wedge pattern and wait for a breakout as a sign of trend reversal.
HIVE found critical support at 0.2$ and is now battling for the important 0.29$ support line.

Volume is in general low but we see some spikes which could hint some people are accumulating.



Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place

Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers

ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.