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
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 $2.80 - 100% Extension of last impulse.
Really undervalued coin here!
Would be looking at a partial tp at the 0.618 if it doesn’t hold it, long term 1.618 would be my first major tp
Possible wick to the yellow box if it fails to hold support at 0.98 which will probably be tested.
Earlier Weekly Time Frame Analysis:
PIVX was announced on November 25, 2015. PIVX is short for Private Instant Verified Transaction Cryptocurrency and is a privacy-centric proof-of-stake cryptocurrency that was forked from DASH. It focuses on community...
After the recent run up to and over 2$, PIVX calmed down but held well over 1$ in an overall red market. The PIVXUSD price formed two (or more) possible triangles, I expect a breakout upwards in the next one or two days.
More positive media attention from well known influencers and websites helped that many have their eyes on this gem.
Aee also my ideas on...
Together with the negative sentiment in the whole market, also PIVX price lost. We are now back near the 1 USD support line. If it holds, I see this as a very bullish signal, and we should soon see a steep ride upwards again.
Not financial advice, as always.