You would of seen my last post for ZRX saying get ready for BTC bounce well PIVX is another great buy...
Both of these coins are to trade not for long holds if we wanted long holds we would buy something on its bottom.
PIVX you can see it broke out a few days ago then went into consolidation as soon as the BTC broke its support though PIVX broke low yet still held momentum (circled in red).
You can see a bullish divergence and it will to a decent break when the BTC either has support or gives us a nice bounce.
Above the red arrow you will see on the a/d how many people bought this coin off and it hasn't been dumped off people are waiting for the next break this is good.
We have momentum telling us that yes we will break high out of current channel which is between the red and green solid lines.
Targets are green dotted lines, be patient with this as its here for when BTC gives us a nice bounce. Keep in mind that coins that have good momentum will be the ones first to break high and this is one of them so if wondering where to dump your BTC after buying back in I am choosing this coin among others.
Cash Is King
Both of these coins are to trade not for long holds if we wanted long holds we would buy something on its bottom.
PIVX you can see it broke out a few days ago then went into consolidation as soon as the BTC broke its support though PIVX broke low yet still held momentum (circled in red).
You can see a bullish divergence and it will to a decent break when the BTC either has support or gives us a nice bounce.
Above the red arrow you will see on the a/d how many people bought this coin off and it hasn't been dumped off people are waiting for the next break this is good.
We have momentum telling us that yes we will break high out of current channel which is between the red and green solid lines.
Targets are green dotted lines, be patient with this as its here for when BTC gives us a nice bounce. Keep in mind that coins that have good momentum will be the ones first to break high and this is one of them so if wondering where to dump your BTC after buying back in I am choosing this coin among others.
Cash Is King
Comment:
PIVX slowly advancing to targets you can see its tested target 2 a number of times but needs to close over target 1 for the further move up.
Charts still look good of course we just need patience.
Charts still look good of course we just need patience.
Comment:
Target 2 has been reached we have tested target 3 and still look strong.
Comment:
PIVX still looks very good and we are seeing constant growth showing we will hit next targets
Comment:
Target 3 reached and moving on to target 4
Chart looks promising.