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AlanSantana
Dec 30, 2023 8:40 PM

✳️ Hive Hits A Multi-Year Long Low, ATL On The RSI... (175% Pot) Long

HIVE / BitcoinBinance

Description

The chart looks neat and we are going to keep it simple as usual; These are simple signals.

➖ Hive hit its lowest price since June 2021 vs Bitcoin (HIVEBTC).
➖ Hive hit its lowest reading ever on the RSI 18-Dec, a major signal.


➖ The last session (last week), closed as a reversal candle:


The current candle trades above last sessions close, open and high as well as being the first green week in 1.5 months.

These are early reversal signals, even if a new low hits this is a great chart setup to multiple your Bitcoins.
It is very important to have a long-term perspective when trading bits and remember that 1 BTC = 1 BTC.

Namaste.
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