🧩 Current Situation:
The price is trading at 0.2167 USDT.
We are witnessing more than one Break of Structure (BoS) in the upward direction.
There is an upward trend that has been respected multiple times.
The price is currently trading at a small strong support area (the light green box).
🟢 Positive Points:
The price is still above the upward trend line.
There is support at 0.214 - 0.215 that supports a potential rebound.
BoS confirms buyers' control recently.
🔴 Negative Points:
There is a downward trend line (resistance trend) pressuring the price from above.
Failure of the price to break the 0.220 - 0.222 area may lead to a drop towards 0.2076 or 0.2062.
✅ Positive Scenario:
If 0.222 is broken with a strong candle, we may see a rise towards 0.230 or higher.
Buying is possible from the support with a stop loss below 0.213.
❌ Negative Scenario:
A clear break of the upward trend line and support at 0.213 may open the door for a drop towards 0.2076 or even 0.20.
⁉️ A question for the followers:
> Do you think HIVE will succeed in breaking the resistance and continue its rise? Or will the sellers regain control? 🤔
Share your opinion👇
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