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Pivx

Pivx VS Bitcoin Support RejectionFollowing the previous idea on Pivx vs Bitcoin , price corrected down but was stopped at 50% Fibonacci retracement level, that is 61k satoshi. Price failed to close below that level although it attempted to go lower, at the same time, the 200 Moving Average was rejected. Therefore, after breaking above the triangle and the 200MA price corrected down and rejected the support. Such price action could suggest the beginning of the uptrend, sending the price up to the 166k satoshi resistance, confirmed by two Fibonacci retracement levels, 261.8% and 327.2%. This is the first strong obstacle to the potential PIVX/BTC rise and it is yet to be seen whether price breaks above or will reject it.
Long
by CryptoPAMM
5
PivX broke downtrend, found support and pushing for 300% move?After a downtrend lasting through most of 2017, Pivx recently broke through the daily cloud and also broke out from the long term resistance line. The retracement after the breakout move found support on the previous resistance, the 50% fib line and also bounced perfectly off the daily cloud. Not only this but it also bounced off the 200 day EMA nicely at the same time. The daily stochastic RSI is oversold and turning strongly upwards indicating that the trend is shifting direction. I've marked some potential sell zones in red. This has the potential for a 300%+ move from it's current position. As always, make sure you have a solid position management, judge your own risk/reward and set sensible stops.
Long
by SatoshiHQ
2
Pivx VS Bitcoin Has No Strength Following the previous idea on Pivx , it has reached the downside target and went lower. Although afterwards, price corrected up and reached the resistance at 87k satoshi. The resistance has been rejected, suggesting that PIVX has no strength against the Bitcoin. PIVX/BTC is likely to go down yet again to test the 61.8% Fibonacci retracement at 52k satoshi. This level should play a key role in further price action, where the break below could lead to further weakness, but rejection could prove that Pivx might explore new highs. At this point, Pivx is still weak and the only break above 100k satoshi could prove otherwise.
Short
by CryptoPAMM
3
PIVX Long + Trading StrategyPivx looks like it will be having a long position given a resistance breakout as well as the possibility of a continued bull run. The technology behind Pivx is very democratized, and actually quite comparable to Dash's own protocol. Also the divergence for price as a long term holding is looking pretty good. Overall this is medium to high risk with the potential of 20 to 30% gains from what I am looking at. However, it is still risky and requires careful analysis.
Long
by gamer456148
PIVX/BTC: New 300k Bull Run Support 7/77/343Overview: Using the setup and analysis (detailed below) we are projecting a continued bullrun with support towards 300k sats, with a new trading channel between 130k sats and 170k sats (the .618 and .382 Fib). The 7hr average is currently on an explosive upwards trend as it has punched past the downwards (orange line) BTC compression and the 77/343 averages, with increased trading volumes assiting the rise. CURRENT SETUP & EXPLINATION OF SIMPLIFIED CHART I use a 7/77/343 hour of trends (7-white, 77- purple, 343 - white cloud). Snapshots for Setup: 1) 7/77/343 Intersections First intersection: 4/22/2017 172k sats -0.25% Second intersection: 7/28/2017 75k sats -0.25% Third intersection: 10/8/2017 75k sats -0.25% 2) Line Setups - Upwards Trends (green lines): Using the intersections from above, plotting the first upwards trendline (from 1st intersection to the peak ATH), duplicating these lines through the other two intersections - Downwards BTC compression (Orange line). From the top of the ATH down through last crossing of 7/343/7. 3) FIB setup and support - From first junction to ATH, we see that PIVX rose to around 170ks (1), then corrected to .786, before fnally settling into a trading channel between .618 and .382 (green lines). Support for this period was consistent at the .236 (blue bottom line). We drew a blue dotted horizontal line to demark the prior ATH, and a red dotted line at the top (1.618) line. This is (interestingly) come into play in a few more snapshots :) 4) Intersection Trendlines (Purple) - Using the prior ATH and tracing a downwards line from this peak through the next intesection of 7/77/343 (Purple line, and then duplicating this line placing the same slope through the NEXT 7/77/343 intersection, we can (interestingly) see this intersects...almost exactly at the 1.618 fib line from above and the upwards green trend line from the nexus seperation. Highlighted with circle. Also notice the second upwards green line intersects this upwards purple line and prior ATH. This indicates a potential level of resistance, but if passed, will indicate a level of future support. 5) New ATH and trading channel - Fib from current position to the top (prior 1.618 line), we see a new ATH around 275-300k sats, with a new .618 line close to the prior ATH of 170k sats, a new trading channel between the .618 and .382 at 170k sats and 130k sats, and a new baseline .236 support around 90k-100k sats
Long
by SnappySnap
4