BITTREX:PIVXUSD   Pivx / US Dollar (calculated by TradingView)
------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,

Jan 01
Comment: So, PIVX price has reached 0.83 USD and bounced back to currently hover around 0.86 USD.

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?

Jan 01
Comment: Inverse head and shoulders forming?
Jan 01


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