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.
Hopefully this is a buy opportunity. Short-term break of the mid-term upward channel. Support at 1380 sats should hopefully hold. Speculative
After it has broken out of the downward trend, DGBBTC looks like it took a turnaround. Note the increase in volume. First target around 140 sats.
After strong BTC movement PIVX/BTC lost in price and moved downward again to lower end of mid-term upward channel. My guess is that PIVX/BTC will break out of the downward pointing triangle upward in the next 12 hours with next resistance arount 2060 sats.
PIVX left one upward trend for an even steeper one. Looking bullish. Together with solid fundamentals and increasing social mentions this is bullish
Let's see to which side of the upper short-term trend it will go.
Support around 1400 sats, buy zone down to 1330 sats. Stop loss somewhere below lower green trend channel line Great fundamentals.