PIVXBTC short-term (golden crossed, gonna breakout)
Updated
[1D chart]
I have been watching the PIVX/BTC for few weeks. This is the fourth time in 2 weeks it is trying to break the upper line of the symmetrical triangle, and also poke the H&S neck's line.
The 1D golden crossed happened already so we are able to believe that the breakout is in coming. RSI gonna break resistance also.
Trading strategy:
- on 4H chart, RSI is near overbought, stoch overbought already so the correct gonna happen.
- wait for the correct and buy near the support line of the ascending triangle
- be patience for this trade is what I found after watching the price.
Target
- stoploss: below red line (<5400 imo)
- target 1: 64000
- target 2: 66000
- target 3: 70000
- target 4: 78000
Happy tradding!
Linh,
I have been watching the PIVX/BTC for few weeks. This is the fourth time in 2 weeks it is trying to break the upper line of the symmetrical triangle, and also poke the H&S neck's line.
The 1D golden crossed happened already so we are able to believe that the breakout is in coming. RSI gonna break resistance also.
Trading strategy:
- on 4H chart, RSI is near overbought, stoch overbought already so the correct gonna happen.
- wait for the correct and buy near the support line of the ascending triangle
- be patience for this trade is what I found after watching the price.
Target
- stoploss: below red line (<5400 imo)
- target 1: 64000
- target 2: 66000
- target 3: 70000
- target 4: 78000
Happy tradding!
Linh,
Trade active
3 target reached in one day, what a beautiful!Target 1 - 2 - 3 reached, peak now is 74077.
Trade closed: target reached
Reversal to resistance stoploss line after reached 3 targets (in 3 days). Thanks!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.