Wael613

PIVX/BTC - Binance Coins That Have Not Pumped, Full Analysis!

Long
BITTREX:PIVXBTC   Pivx / Bitcoin
PIVX/BTC 2016 coin that has not had a large pump as most alt coins on Binance have done. These too me present low risk / high reward as it is not inflated 10,100,1000x and still pretty close to the bottom. Actually its pretty close to its exchange listing price from 2016
www.tradingview.com/chart/6UeeY8q6/

PIVX/BTC Weekly
Few things I want to point out on the weekly.
1) Notice volume dwindling from 2021 and just recently we have seen some HUGE buying volume close to the bottom indicating a ton of money has been buying this area.
2) 4 & 9 Weekly EMA golden cross which I like to see on the weekly, usually an awesome buy signal.
3) Notice the green trend line used as support/resistance and now we are sitting right on it.
4) Last thing to note is the HUGE green wick on the second most recent candle. Either PIVX was pumped and dumped which we see with those wicks, or that buying volume we saw was used to clear the sell pressure above and will start slowly climbing up!
5) Market structure has been broken and looks like we should be putting in higher highs and lower highs here.

The next major weekly resistance on the weekly is approx 130% which would more than double your BTC

PIVX/BTC (Daily)
The small down trend to me has been broken and looks like we may be testing the support again which is highlighted in green.

PIVX/BTC (4H)
My entry would be 2150 - 2350 sats off the support which has been holding nicely and 200EMA

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