Hive (Hive / BTC) In Maintenance - Hive slows its upward movement. Find out why?

Hive price slows its upward movement, after exchanges put their wallets on Maintenance

Let's see

At this time the price of Bitcoin begins to show signs of a possible price recovery

As we see in the graph, Bitcoin has broken a downtrend line, and has recovered 12% from its lows.

• In the 4hs chart of Bitcoin we can see a bullish divergence between its price and the RSI indicator, a few hours ago.

• We also see that the Funding indicator is under another sign of a possible upside.

Many alcoins have started to show good price recoveries in anticipation of a possible upward movement in the price of bitcoin.

The price of Hive in recent days was in an upward trend, showing large daily rises and with these new bullish indicators it would have to continue in that trend.

As we saw in the previous post, the bullish possibilities are very good for the Hive coin.

Hive (HIVE/BTC) Price Rises - Possible Cup and Handle Formation?

Again the Exchange

As the price of Bitcoin began to show signs of a possible recovery, I was happy for the Hive coin as it would continue its upward trend. If we had big candles when bitcoin corrected, now the price should continue with the trend.

It is to be thought that many Hive investors upon seeing the reaction of the price of Bitcoin will decide to invest more in their currency supporting the currency in its upward movement.

But when I saw its price, I didn't understand what was happening at first. After breaking the uptrend line, which is normal if Bitcoin continues to correct, it showed no signs of recovery. Not only that, but it didn't show any significant variation movement. It had remained almost without movement in the last 6 hours, at the time of making this post.

It seems strange to me that the price did not move in the last few hours, in times of great volatility of other cryptos.

Upon entering Binance I find that the Hive wallet is under maintenance for withdrawals and I begin to understand what is happening.

When entering Bittrex I find the same situation

The Hive coin has a real product and use.

Why would an investor buy a currency if he cannot withdraw it and use his investment?

As the commissions are low it is to be expected that someone will buy the Hive coin and withdraw it from the exchange

They cannot be withdrawn on the Binance exchange, why am I going to buy them if I cannot withdraw and use them? It only allows depositing them, with the purpose of selling them

You cannot deposit or withdraw on the Bitrex exchange, it is under maintenance.

They are preventing these 2 exchanges, their use again if one buys more Hive coins. Giving the possibility of only depositing in Binnance with the aim that you sell them at some point.

In my opinion, they have stopped the volatility of the price of Hive by freezing wallets.

Because I do not know. If you know, comment it, thank you.

What you think? Will the maintenance be for a few hours, will it be another maneuver to manipulate the price of Hive by the exchanges?

Remember to give your post a vote, Always support good content. Thanks

Follow me it costs you nothing and you get a Healing Reward with Your Vote

Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

We will continue monitoring
To be attentive
Protect your Investments

Feel free to use and share my post or graphics, but please mention, @criptoar as the author. Otherwise, consider plagiarism and I will call you and advise my friends to do the same.

READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

For your vote or comment, thank you

Posted Using LeoFinance ^Beta