Mini bull run?BINANCE:PIVXBTC is sitting at support (green line) of an uptrend !! great opportunity to buy at green support line
then sell half for some profits on red resistance line and keep the other half in case it breaks the red resistance line and moons lol
in case is does not break the red resistance line use the profits and buy waaaaay more when it retraces to the green support trend line and sell half again on red resistance trend line
in case it breaks green support line trend is broken and stop loss should sell and prevent loss
not financial advice
PIVXBTC trade ideas
Broke above descending trendline$PIVX Broke above the descending trendline with great volume, touched ~2440sats resistance and did some pullback.
Now it looks like its holding. MACD rising, RSI over 80 so strength looks healthy.
Try to enter below 2200 if you didn't get the alert from the UCTS buy signal #PIVX
PIVX : 50% SHORT TERM profits Opportunity. - A Falling wedge pattern creation is almost done and waiting for a confirmation breakout above the upper resistance line.
- RSI seems to be comfortably in a good movement currently at around 55.
- Both 50EMA and 89EMA are trying to make their path on favor of the bulls and can be taken as confirmation for a breakout if they come below the price in the following 4H candle charts.
- Volume is trying to increase and needs some strength to help a confirmation of opening a long position.
Accumulation Area : 2021 sats - 2150 sats
Distribution Targets :
Target 1 : 2239 sats
Target 2 : 2374 sats
Target 3 : 2483 sats
Target 5 : 2592 sats
Target 6 : 2747 sats
Target 7 : 2945 sats
Stop Loss : A close below 1813 sats
**All targets are expected to be achieved upto in 30 - 35 days.
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PIVX Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line (I don't recommend you to sell in loss.)
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you get some profit. Good Luck!
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PIVX approaching support... will the uptrend be compromised?
Following the previous idea, which you can find below, the reaction to the zPIV announcement indeed was positive and yesterday price has made another surge by 30% over the Bitcoin, reaching btc 0.0002488 high. PIVIX has been trending up as expected, although now the correctional phase has started.
Currently it is trading near 20k satoshis psychological support. It is also a strong technical support where two Fibonacci retracement levels are located. First is 23.2% retracement from the all-time low, and second is 78.6% Fibs from the 17 October low.
While it could be the starting point of the uptrend continuation, PIVX yet to confirm it, by rejecting current support area, that is located between 0.0002020 and 0.0001960. But, price might break below, that will suggest more downside pressure being put on the PIVX.
Next support is seen at 61.8% Fibs, that is 0.0001730. The key support is located at 78.6% Fibs that is btc 0.0001520. If price breaks below key support, the upside potential will be compromised while the long-term downtrend domination is likely to continue.
In short, current support (around 20k satoshis) will be the decision-making area. It is important to watch current price action as rejection of the support should have a very positive outcome on the price. On the other hand, daily break and close below the 0.0001964 level will imply the downside pressure on the PIVX/BTC.
Support:
1. 0.0002020
2. 0.0001965
3. 0.0001730
4. 0.0001530
Resistance:
1. 0.0002490