As you can see the last time PIVXUSD went over 50 on the weekly RSI, we saw it hit an ATH of $16.30
RSI has now just crossed over 50 for the first time since Jan 2018, after printing a double bottom.
This time, PIVX has overhead resistance to deal with but this one is definitely a watch for 2020!
I noticed a rising trend line here on PIVX starting 12/16 clearly visible on the 4 hr chart. Inside an ascending triangle waiting to see if we can get a macd cross with a positive move in the market from BTC and ETH. Chart explains it looking to gain 19% to top of triangle. Will not be holding more then 25% position for the break up and out of triangle.
------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...
Whether the last pattern was a falling wedge or a descending channel, we seem to have broken up out of it. It is however creeping up very very slowly due to a very low volume. For that reason I think we could drop at any time and the fact that PIVX has more than doubled in value in about 2 weeks, I would think a sizeable correction is near. Of course I could be...
PIVX has been showing some bullishness recently and the question is whether that trend is going to continue. Looking at the 15min chart we could be at the terminal end of a decending wedge which is usually a bullish signal in an uptrend. I am looking for a breakout from the wedge to the upside and a MACD buy signal. If that happens I'll probably buy some...
Today will confirm or deny a "bull flag" descending wedge breakout that has been forming for the last month. You can also see how PIVX has not returned to bottom of a six-month regression channel and is instead hovering in the middle.
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot...