------No trading advice, just my opinion------
Looking at PIVX now, it looks like the price pattern is evolving into an ABC correction. I believe there is a possibility that we are going through wave 2 of the higher degree 5 wave cycle shown. Applying fibonacci ratio's the bottom of wave 2 should be around 0.83 USD.
If this scenario plays out, PIVX could ultimately reach 1.80 USD but with the current market as it is, I am going to keep a close eye on this.
Happy trading,
PGT2
Looking at PIVX now, it looks like the price pattern is evolving into an ABC correction. I believe there is a possibility that we are going through wave 2 of the higher degree 5 wave cycle shown. Applying fibonacci ratio's the bottom of wave 2 should be around 0.83 USD.
If this scenario plays out, PIVX could ultimately reach 1.80 USD but with the current market as it is, I am going to keep a close eye on this.
Happy trading,
PGT2
Comment:
Inverse head and shoulders forming?
Comment:
Let´s see how this unfolds.
Are we going to see the start to wave 3 as per my prediction yesterday (of course 0.83 USD is just a rough guide, it could drop a bit more)?
Or is price going to drop further to the 0.75 USD region to touch the longer term lower trend line?
PGT2