Pivxethereum
The Big Boy Wedgie! (PIVX)Testing the breakout.
Currently has found a support on very old Resistance spike.
Looking for it to move out the wedge for a breakout play.
See how strong it holds.
PIVX is an advanced cryptocurrency focused on privacy and security for digital cash. As a community-led project that forked from the Dash blockchain, it uses the Zerocoin protocol to anonymize transactions through its onchain Zerocoin Decentralized Exchanged (zDEX) for untraceable transactions.
PIVX time to collapse some more? Buy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot 2.18% 3.00% 3.00% -0.78% -0.78% -6.68% -7.44% -7.44% appears you buy, if a green dot 2.18% 3.00% 3.00% -0.78% -0.78% -6.68% -7.44% -7.44% appears after that green dot 2.18% 3.00% 3.00% -0.78% -0.78% -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
PIVX Gave A Clear Buy Signal On The Daily ChartPIVX gave a green 2 according to Tom Demark count on the daily chart. This is a clear buy signal. Stoch RSI has space to go up. Weekly chart also looks bullish. I expect the price to rise.
Here is my trading idea:
Long: 1720
Take profit: 2000
Stop loss: 1600
A trading opportunity to buy in PIVXETHTechnical analysis:
. PIVX/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004400 to 0.003900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004400)
Ending of entry zone (0.003900)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.005120
TP2= @ 0.005810
TP3= @ 0.006260
TP4= @ 0.007180
TP5= @ 0.008110
TP6= @ 0.009420
TP7= @ 0.011090
TP8= Free
A trading opportunity to buy in PIVXETHTechnical analysis:
. PIVX/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004400 to 0.003900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004400)
Ending of entry zone (0.003900)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.005120
TP2= @ 0.005810
TP3= @ 0.006260
TP4= @ 0.007180
TP5= @ 0.008110
TP6= @ 0.009420
TP7= @ 0.011090
TP8= Free