HIVE UPDATE : SUPPORT LINE AT USD 3.00

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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

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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



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