Whatever way you want to draw the upper line of the descending triangle from the peaks in 2017/2018, PIVX has broken out of it. I see it therefore free up to the old ATH around $13 any time now.
Fundamentally, it is still as healthy as it can be, steady improvements to the wallet: upcoming release of v6.0 this year with some interesting additions (I expect a big...
Same accumulation pattern as in 2017
- 2 higher highs and lows in a row
- uptrending support line, 3th touch did not even reach it
- 75-85% correction between after making a new higher high
After that, full moon blast, did more than 500x
PIVIX has printed a nice spike with eth pair - testing a local top -resistance
We may see a privacy coins bull run this year
Whales like privacy- stay low- get wealth stay humble unnoticed by government (eg. taxes etc)
PIVX had many spikes pumps in the past for this reason on privacy. This is my target mid term (mid oct)
Don't bother with signals ,just get in...
Good day to all,
PIVX is looking strong in the current position. The conditions are in our favor across the board.
- MACD Crossing on Daily-timeframe
- RSI Looks good
- DMI steady bullish
- Larger picture channel and upside potential are clearly visible. Supported by the breaking momentum that is upcoming.
- First resistance zone around $1.97
> Breakout of pendant - Key notes > Use a line graph to plot the exact pattern lines to determine TRUE price reference. Sometimes the wicks can be noise.
> Increased volume - Break out with volume. Second candle has not failed indicating bullish support.
> Bullish range candle range
> Target $2.80 - 100% Extension of last impulse.
Really undervalued coin here!
Would be looking at a partial tp at the 0.618 if it doesn’t hold it, long term 1.618 would be my first major tp
Possible wick to the yellow box if it fails to hold support at 0.98 which will probably be tested.
Earlier Weekly Time Frame Analysis:
PIVX was announced on November 25, 2015. PIVX is short for Private Instant Verified Transaction Cryptocurrency and is a privacy-centric proof-of-stake cryptocurrency that was forked from DASH. It focuses on community...