ForecastCity

There is possibility for the beginning of uptrend in PIVXBTC

Long
BITTREX:PIVXBTC   Pivx / Bitcoin
Technical analysis:
. PIVX/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
. There is a valid and clear divergence in the price chart so the probability of the beginning of uptrend is increased.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000278 to 0.000232). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000278)
Ending of entry zone (0.000232)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000337
TP2= @ 0.000385
TP3= @ 0.000416
TP4= @ 0.000473
TP5= @ 0.000528
TP6= @ 0.000596
TP7= @ 0.000695
TP8= @ 0.000795
TP9= @ 0.000936
TP10= @ 0.001116
TP11= Free
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Comments

Good analysis as usual
Reply
Nice and simple
thanks for your ideas
Reply
Excellent!

Thank You for sharing!
Reply
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