The DeMark Indicator is showing a 5 count on the downside.
There are some key BTC supports shown on the green lines.
BTC is currently in full bull mode against USD. So, when the calm from the upwave returns, ALTS usually take some time to catch up the BTC upwave. So I am expecting some more support to be hit for PIVX in the short term, but then continuation into...
zPiv Update may send PIVX back to 100000sat over the next 3 weeks. Proof of Stake is a hot topic in the crypto world right now as Ethereum moves in this direction. Competing with Verge XVG for best anonymity and privacy focus blockchains, Verge releases its updates this month along with PIVX.
While lot of great fundamental news came up for PIVX, the technicals suggest more sideways movement. The bearish sentiment of BTC also strengthens my impression of this scenario.
- lots of possible upside as it is releasing its core wallet 3.0.0 scheduled October 6th
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- profit target set at 0.00098183
- buy zones set at the highlighted orange box
- always set stop loss as necessary
- TRADE AT YOUR OWN RISK
These are the two pivx possibilities imho. Any inputs or feedback is appreciated. Please correct me if you think I messed up somewhere and try not to laugh if the idea looks horrible because I have just started charting and still learning. :D
Pivx has been a solid performer in the last month and is in a nice uptrend at the moment, longer term speaking. we are reaching the top resistance in the ascending triangle formation. There are candle formations within the triangle that would suggest to me that break will be upwards.
Looking to trade the breakout if the market goes above 0.00094.
Pivx has already seen a STRONG rally of 1000-6000% (10-60x)
This coin seems to stay strong with the core fundamentals of crypto and focusing on true decentralization.
On the 1 day chart, we have stayed strong above the 314 Moving Average, and recover strongly through the 200 Moving Average.
I think Pivx is great at the current price and with how it held through...
My previous post about Pivx was a success. I was only able to make 20% off it. However, this time around, PIVX is showing even more gain potential. A lot of signs are pushing for this to go higher and identifying a low point to buy will be great. We have here previous respected level of price and a Cypher completion right on that price. I believe this trade will...
