1 HIVE = $0.37 USD -- Is it really going to go downhill anytime soon?

puncakbukit (78)in #hive • 3 years ago

5% of the rewards of this post are for @steem.amal

_{(Chart by TradingView)}

The alligator hive continued its prey hunt, went up reaching $0.55 at June 11-12. However, it has since then down again reached the present.

Meanwhile, the Moving Average Convergence Divergence (MACD) oscillator has shifted to bearish after being previously bullish. This indicates that the price of this asset, which had been rising, suddenly fell.

Also, the Stochastic RSI (Relative Strength Index) oscillator appears to be in oversold territory. This means that the market price of this asset has fallen below its intrinsic price.

And now we see the originally closed alligator mouth opening wide downward. Is it really going to go downhill anytime soon?

Let's continue our journey with this alligator of Hive.