PIVXBTC arriving end of triangle.
If its breaks triangle it will most likely head for the 0.0008357 level and try to break it to major resistance at 0.00088837
Observe as MACD forms similar trend with last breakout and also lower support has been tested 3 times.
support at 0.00072593 if candles break below triangle.
PIVX has been doing really good for the past few weeks and I'm expecting it to continue for the rest of the year. A lot of things are happening with constant weekly updates.
Order Book on Bittrex looks good with buy support. Volume picking up and reaching $1.7 mil (hopefully $2mil very soon).
MACD is below 0 but RSI showing over bought so expect a little sideways...
If PIVX can break the resistance line around 85k-90k and turn it into a new support line, we could see an substantial growth in price. However, I made .5 and .618 of the Fibonacci red because it could potentially bounce off either or back into a downward trend. I believe as long as PIVX stays within my upper trend line, it could show promise here within the next 2...
Looking at my previous post, my outlook is to be long on PIVXBTC. Right here, we have an ABCD move. We are looking to gather some profits from the CD move. What we are waiting for is a pullback into previous resistance to continue our upside. This upside can bring us to level stated in my previous post. I will tag it in this post. What are your thoughts?
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In this case I'm going to consider this pattern to be bullish, since downside potential is limited and there has been an extended period of consolidation. PIVXBTC has been rather resilient, in terms of USD. If PIVX can break out of the triangle, upside potential could match the length of the first touch, marked as a red line inside the triangle and copied to the...
Would you take this trade with the risk and reward stated? This is my view on the coin. Since bitcoin made new highs and investors will continue holding bitcoin as it climbs. We can expect altcoins to slow down more before their big moves up. I am expecting Pivxbtc to continue back to the support before buying again.
Trade with care.
Potential to make a lot of gains on this one. We're waiting for PIVX to either bounce off the current support line, or test it and bounce from the 0.618 Fib level. It seems to be obeying Fib levels really nicely and I'm hoping its no different on this occasion. If it does bounce from the Fib level, the I will look to buy in once the price has confirmed that it has...
Looking at the 4h chart, there are no indicators for an immediate breakout, but the price is getting very close to the bottom trend line as well as the bottom part of the support zone. Considering the fundamentals of this coin and a number of master nodes that hasn't changed since the big pump I doubt the price will break the support zone and I decided to scale in...
