Together with the negative sentiment in the whole market, also PIVX price lost. We are now back near the 1 USD support line. If it holds, I see this as a very bullish signal, and we should soon see a steep ride upwards again.
Not financial advice, as always.
PIVX/BTC is still in the downward trend canal from 2019, but trying to break out. Several attempts have been made, together with growing volume and significantly growing marketing efforts from the project.
More eyes are watching this now, and if we can have a daily or even weekly close above the area around 2775-2800, we have a lot of upward room, 10x in sats...
In the weekly chart, PIVX price against USD seems to have established the breakout above the grey downward trends. There seems to be a lot of room for gains, I wouldn't be surprised to see $20 in 2021. Don't forget to do your own research, this is not investment advice.
Today we take a look in the weekly PIVX chart against the USD BINANCE:PIVXUSD
for the long-term investor.
Two breakouts from a downward trend from end of 2018, higher lows and good volume. BINANCE:PIVXUSD
As mentioned earlier, good fundamentals, recently activated new privacy protocol, very active team.