A bullish moment for HIVE this December?

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During the recent bullish move on the HIVE market which made its price to touch $3 , there was a price pull back but the HIVE price was still able to stay above the $1 and its currently hovering around $1.5 -$1.6 , the RSI is indicating that the hive market is still going to continue its bullish journey.

The moving averages are showing that there is higher force of the bulls on the market and when bulls have higher force on the market then the market tend to become bullish until the bulls leave the market again..

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On the daily chart , the volume of the bears tend to be decreasing and that is why they were not able to bring down the HIVE price below the $1.4 price area for some hours on the market..

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The three days chart is showing that it is waiting for the confirmation of a new trend on the HIVE market, whatever happens on the next 24hrs chart will reflect on the 3days chart and determine how far the bullish move will be on the HIVE Market but the indicators show that we might see the HIVE price touch the $3 price again before Xmas.

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The weekly chart shows how a strong bullish trend on the market is still feasible, if the current weekly candle can close at above $1.5 then the $1.5 might be the new price floor as we wait for the HIVE price to hit the $3 again..

This shows that the HIVE is getting back stronger and if it remains this way then we might see the 10$ hive price sooner than expected..

It all depends on the force of demand and supply, an increased demands and lower supply would definitely make the price to increase in order to balance up the demands..

Posted Using LeoFinance Beta



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