PIVX/BTC: June 13th BIG inflection point for PIVX
Using the setup and analysis (detailed below) I am seeing a lot of convergence around June 13th-June 15th.
We have a lower support (rising red line) that extends from the first PIVX separation of 7/77/231 back on January 7th, 2017. That upwards support line has held and been tested a few times of recent.
We have a downwards trend line extending from the recent highest high (Jan 22, 2018) through the last high (5/11/2018).
The intersection of the long support with this recent downwards trend hits around June 13th. On it's on, not that "significant" - yet, when you extend a new support line using the most recent "lows", that line intersects with the above two trends...at yup, the 13th.
Drawing a horizontal line through the nexus points back reveals a support line that's been tested over the past year.
Drawing a horizontal line of upper resistance over past month, and then a horizontal line through the junctions of where 7/77/231 MA all crossed simultaneously ( 7/28/107 & 10/7/2017) reveals a unique pattern of even spacing of those 3 lines, which corresponds to the main energy channel of PIVX (trading trough) of the past year.
What does the 13th hold? Who knows. Also of interesting note though (for those who follow charts/signs with astrology) - the 13th is also a new moon in Gemini (usually associated with a massive influx of energy). 13 is also a very powerful esoteric number / numerology.
All this to say - enjoy. We'll see what the next 13 days unfolds for PIVX.
CURRENT SETUP & EXPLANATION OF CHART
I use moving average lines (7/77/231 minute) (7-white, 77- purple, 343 - white cloud) to look at movements relative to one another.
We have a lower support (rising red line) that extends from the first PIVX separation of 7/77/231 back on January 7th, 2017. That upwards support line has held and been tested a few times of recent.
We have a downwards trend line extending from the recent highest high (Jan 22, 2018) through the last high (5/11/2018).
The intersection of the long support with this recent downwards trend hits around June 13th. On it's on, not that "significant" - yet, when you extend a new support line using the most recent "lows", that line intersects with the above two trends...at yup, the 13th.
Drawing a horizontal line through the nexus points back reveals a support line that's been tested over the past year.
Drawing a horizontal line of upper resistance over past month, and then a horizontal line through the junctions of where 7/77/231 MA all crossed simultaneously ( 7/28/107 & 10/7/2017) reveals a unique pattern of even spacing of those 3 lines, which corresponds to the main energy channel of PIVX (trading trough) of the past year.
What does the 13th hold? Who knows. Also of interesting note though (for those who follow charts/signs with astrology) - the 13th is also a new moon in Gemini (usually associated with a massive influx of energy). 13 is also a very powerful esoteric number / numerology.
All this to say - enjoy. We'll see what the next 13 days unfolds for PIVX.
CURRENT SETUP & EXPLANATION OF CHART
I use moving average lines (7/77/231 minute) (7-white, 77- purple, 343 - white cloud) to look at movements relative to one another.
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