Technical analysis:
. PIVX/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of...
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 40.
. The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. There is a possibility...
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...
Technical analysis:
. PIVX/BITCOIN is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone...
What do you think of the current position of PIVX?
It looks to me that a 4th triangle might occur for a nice 30%+ profit. It could become far greater profit if the resistance breaks.
However, upon releasing this analysis, it could still break out of the triangle at the bottom, which would mean it goes down more.
Keeping the TA simple but the geometry for a bull pennant lies there, will PIVX be taken to new heights against bitcoin or is that a rejection we see with a bearish pennant forming a funnel now?!? Given the buying pressure seen withing the bullish bursts I wouldn't expect so but only time will tell.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
