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HIVE May Be Getting Ready to Move Higher

etcmike

Published: 23 Feb 2022 › Updated: 23 Feb 2022HIVE May Be Getting Ready to Move Higher

HIVE May Be Getting Ready to Move Higher

Is the HIVE price getting ready to move higher?

HIVEUSDT_1.png

On 26 November 2021 the HIVE price hit a high of $3.4141 TetherUS on Binance. Since then the HIVE price chart has been forming a wedge on the daily chart. The price movement is currently nearing the end of the wedge.

HIVEUSDT_2.png

The rising trend line has supported the price 4 times so far. It is possible the break out of the wedge will be higher. A crude upper target for the price before the end of April is $6.8157 TetherUS on Binance.

The "STOCH V RSI" indicator is signaling a turn around in price movement is coming.
The MACD indicator is showing signs of a possible turn around in price movement.
The Fisher indicator is not confirming a turn around yet. That is the only question mark in my mind.

This should not be considered investment advice. I am simply raising an idea for further discussion.

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