I'm just going to share two charts in this post. A HIVE/USDT chart on a higher time frame and a HIVE/BTC chart on similar time frame.
HIVE/USDT
In addition to the market structure, a widely used exponential moving average such as the 20 EMA can be useful in identifying the trend. The USDT pair is more or less ranging and sideways over the last few weeks while the BTC pair is trending down.
HIVE/BTC
This is a close up of the HIVE/BTC chart and i'm sure you can see the continuation of the downtrend at high timeframe level with multiple touches of the 20 EMA and failure to close above or reverse the trend.
Currently, most alts are bleeding heavily against Bitcoin and hence only few that are showing strength would be trending up even on their BTC pair.
This post is not financial advice.
Hive is just a fun money token, TA doesn't apply. Follows similar rules to dcity / spt holding their price. Only the whales are pushing the price down IMHO