PIVX / BTC = "The one that got away" Day Chart
PIVX is looking good with a strong support, looking back at the overall chart I found a symmetrical triangle forming on the day chart which explains the long wicks.
Symmetrical Triangles are a continuation pattern which means it can go break up or down, my bet its probably going up because of events and showing strong support. Also all my indicators show BULLS are trying to be in control but again anything can change during the process.
- Best entry for me which it might not get there but would be testing of the support of symmetrical triangle with another long wick at the bottom or anthor entry point would be at the support level its holding right now with tight stop loss.
-Being that the is a huge triangle the gains can be crazy or the loss can be crazy because of the measure move, see the chart.
I would love your opinions and thoughts about this chart, very interesting.
Have a nice day :)
Symmetrical Triangles are a continuation pattern which means it can go break up or down, my bet its probably going up because of events and showing strong support. Also all my indicators show BULLS are trying to be in control but again anything can change during the process.
- Best entry for me which it might not get there but would be testing of the support of symmetrical triangle with another long wick at the bottom or anthor entry point would be at the support level its holding right now with tight stop loss.
-Being that the is a huge triangle the gains can be crazy or the loss can be crazy because of the measure move, see the chart.
I would love your opinions and thoughts about this chart, very interesting.
Have a nice day :)
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