Long

PIVX new market cycle

2018 will be the year of Privacy coins. No one expected Verge to soar to 2 billion+ cap, but this sets the minimum valuation precedent for all the coins below that threshold. Pivx has held a nice retracement from its first market cycle, the 0.883 which is common. We notice a strong break of the downtrend and volume stepping in. Late buyers can hope to get filled in the 65-67k zone as we are currenly there and wicking down, catching impatient sellers who dont understand the big picture. Pivx is a clone of dash, with free and instant transactions, and the same masternode setup requiring a stake of 10k coins at a minimum. With decent liquidity and trading volume, we could potentially see this snowball as masternodes gain profitability in a price increase, and they natually promote a hodl environment. We could see potential top targets in the 400-750k zone, netting us a 500-1000% reward here. Growing community with a strong presence, Pivx is a clear buy here. The strong weekly stochrsi and the newly crossed monthly that if fully oscillates are out signs of momentum.

Papou

Also on:

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.