Gann Weekly - I would say a target of that 2nd from the end red ring (around 10k) and if things heat up economically, she goes to 16k - but we will know that once we hit 10k and look at the chart. My last Gann, set up more conservatively - well, BTC blew threw the outer most rings, so here is the new chart.
This is a bit of an experimental Gann chart. I got the count right but the set-up, well, I'm going for the absolute top on that first move, not the first real pull-back. I think there will be something here though. So, watch where Pivx is on that chart, support below and strong resistance above. But if we can get through that thick resistance line ahead, we might ...
Been watching this one fall for a while now. She just hit those red rings and bounced hard off them (though on down moves they often do nothing). But, with Monero's turn around and Pivx's coming Zerocoin protocol, this one is a winner. Hitting 62% retracement, hopefully we can hold that and then eventually to old highs and then blue skies (where she flies.)
Been watching this closely since ,0025 or so, volume came in and then, well, here we are. This is a 15 minute chart because the daily does not have the data needed, so a bit of an experiment for me here. Watch out for passing that green ring and coming back from the red. Support at prior high of .0067 or so.
I am just offering this as a possibility. I've tried different placements and this one at least leaves room for movement. The smaller first ring placement really made it seem like we are coming out of the red ring (last one). Not sure I have a target, a bit soon in the move and this Gann is too small.
What is written on the chart is a bit of an optimistic view. My first target (double red ring) is around the $140 Mark. If the move is strong to that range (+-$10) and we pass it, next target is the outer double red ring - $150-$200. As we get closer to the rings, we'll have a better idea of which range.
I can't remember seeing such a disparate price and money flow divergence in recent memory. The volume is not alarming but the divergence alone is. Look at other signs/indicators that you follow. The Gann guys have mentioned us coming against a wall as well. And we are just below the 100 day ema as well. Stoch turning down. We are sitting below key resistance ...