If Hive breakouts of the channel to the upside it would indicate that the price will rally further, and on the contrary, if it breaks below it could indicate further downside price movement.
On the RSI there has been a series of higher lows since late January this year, and the higher lows started occurring coinciding with the price bouncing off the bottom of the channel, potentially forming an Ascending Triangle pattern on the RSI.
On the DMI there have been two bullish crosses where I've placed the green finger icons.
On the RSI there has been a series of higher lows since late January this year, and the higher lows started occurring coinciding with the price bouncing off the bottom of the channel, potentially forming an Ascending Triangle pattern on the RSI.
On the DMI there have been two bullish crosses where I've placed the green finger icons.
