Greetings everyone!
Here we go today with another blog something about the price of hive and seeing/ analyzing the chart. As we all know that currently the price of hive is going too much ups and downs, suddenly it goes the high moment/volatility and also going much low. So today I just want to share with you guys that what will be the future by seeing the chart of the price. And I also want to inform you guys before I start blog, nobody knows the future it can be anything our work is just to pretend and follow the trend with the market.
Firstly let me tell you something about the market so that you should get the idea how to see and deal with the momentum of market. I just want to tell you that if you ever want to know the moment of market just squeeze out the chart and see where the price is going, if it's down then you have to short the position and if the trend is upwards then you have to take the long position it's as simple as that but make sure go with the trend if you are not going with it then for sure you will be out from the market very badly.
If you see in the picture which I have shared with you guys then make some notice that the price is consistent on the same price mean it's get resist on the same value again and again from many number of day's and there is higher higher chance of if any of the price breaks either upside or down side then it will go in that ways. If you also want to check and make sure with the decision then if you go on the back chart you will notice that after getting resist the price is going up with full force and when it's get's on the over high value people start for profit booking and they start selling which the price again goes down.
But if we see now the candles are even resisting and they are in the green candles means there is some buying over there. But still we cannot say that price will go up until it breaks the resistance line before that just see the chart when it breaks then you can take a long entry to make some good amount of money depend on you and your capital. See guys again I am telling it all depend on your moves I am just sharing my knowledge with you guys other then that nothing else I am not giving you any tips or suggestion make sure.
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