Despite yesterday's and today's selloff, PIVX/BTC held the established upward trend intact. Consider this a heaven sent buy opportunity before the upcoming release of wallet v6 and possibly big marketing surprises. Not financial advice, do your own research.
Even after the recent decline in price, I'm still as bullish as ever for PIVX. I see this as an opportunity to buy more. Chart-wise, PIVX looks good. Development seems also to be very active, if we look at their very transparent GitHub activity.
As stated in previous ideas, I see PIVX has broken out of the downward channel introduced in mid 2019, and seems to have established an upward trend. For the mid- and long-term HODLer like myself, I see this as a confirmation and strengthening of earlier positive sentiments, not only technically but also fundamentally. I personally over-allocate PIVX. Not financial advice.
PIVX/BTC was in a downward trend since mid 2019. Lately, it has undertaken some attempts to break out upwards. The most recent attempt saw a retest of the upper line of the old downward trend, now tested as a support. This is a good sign.
As stated earlier, PIVX is fundamentally strong, one of the most active crypto projects according to cryptomiso.com
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.
PIVX/BTC is still in the downward trend canal from 2019, but trying to break out. Several attempts have been made, together with growing volume and significantly growing marketing efforts from the project.
More eyes are watching this now, and if we can have a daily or even weekly close above the area around 2775-2800, we have a lot of upward room, 10x in sats...
In the weekly chart, PIVX price against USD seems to have established the breakout above the grey downward trends. There seems to be a lot of room for gains, I wouldn't be surprised to see $20 in 2021. Don't forget to do your own research, this is not investment advice.
Today we take a look in the weekly PIVX chart against the USD BINANCE:PIVXUSD
for the long-term investor.
Two breakouts from a downward trend from end of 2018, higher lows and good volume. BINANCE:PIVXUSD
As mentioned earlier, good fundamentals, recently activated new privacy protocol, very active team.
After strong BTC movement PIVX/BTC lost in price and moved downward again to lower end of mid-term upward channel. My guess is that PIVX/BTC will break out of the downward pointing triangle upward in the next 12 hours with next resistance arount 2060 sats.