thomasfar6

PIVX - Cup & Handle Formation.

Long
BITTREX:PIVXBTC   Pivx / Bitcoin
PIVX Is forming a cup & handle formation which is indicating a potential bullish trend, I would suspect that the price will consolidate at its current price for a couple of days until it punches through the resistances shown on the graph. However, we could break through the support which could send the value back down again, fortunately, I think we are more on the bullish trend and this is the less likely event to occur.

  • Orange - Resistance.
  • Pink - Support.
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