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PIVXUSDT trade ideas

PIVX | Highest Volume Ever Means Bullish Wave!A few weeks ago I opened a new layout and activated all the classic indicators: A bunch of eMoving-averages, the RSI and MACD. It loads up the whole screen and the chart becomes heavy loaded; the information is quite useful though. The data coming from the RSI and MACD can be excellent to determine if a reversal is true or false, to predict a reversal (divergences) and to confirm long-term trends (readings and direction on higher timeframes), but once you have experience, just looking at the MACD and RSI once on one chart can tell you what all the others say. And thus the market cycle reins supreme. ➢ I like to keep the chart squeaky clean; easy for your eyes to read. ➖ PIVXUSDT is breaking up. This "breaking up" we call a bullish-breakout because the descending trendline has been broken. Here the descending trendline is shown as part of a falling wedge pattern. When a trendline breaks, we say the trend is over; in this case a downtrend. ➖ The bullish-breakout is supported by the highest volume ever. This is a significant signal. This can mean that the low is in, or that we will have a bullish wave in the least. If prices move back down, we can easily get a higher low or the next low would mark the bottom, because of the high volume. That's is all... PIVXUSDT is set to go up. Thanks a lot for your support. Namaste.
Long
by AlanSantana
1
just an IDEA ( pivx ) PIVX - 1D I think PIVX is very underestimated these days, and we could have a very good opportunity in it. We had a good bounce from $0.2933, which is a strong support level where the price has previously found buyers. We are currently touching minor resistance at $0.3756, but the main resistance is at $0.4114. If we break this level and stabilize above it, we could see a move towards $0.5074, which is a very important resistance. Since there isn't much data, the 200-period Moving Average is just appearing ( RED LINE ), and the good thing is that we are already above it. We need to stay above it for continued upward movement. Bullish Scenario: If the price breaks above the $0.4114 resistance level with significant volume, it could rally towards the next resistance at $0.5074. Continued bullish momentum could be confirmed if the RSI moves towards the overbought territory without hitting overbought levels. Bearish Scenario: If the price fails to break the $0.4114 resistance and falls below the EMA at $0.3593, it could move towards the support at $0.2933. A drop in RSI below 50 could indicate weakening bullish momentum.
by amirh-gh
just an IDEA ( pivx ) 4HPIVX - 4H Read the explanation for the one-day chart FIRST . I just included this time frame to have a better view: Bullish Scenario: If the price breaks above the $0.3793 resistance level with significant volume, it could rally towards $0.4143. A break above this level and stabilization could target $0.4703 and $0.5113. Continued bullish momentum could be confirmed if the RSI approaches the overbought territory without hitting it. Bearish Scenario: If the price fails to break the $0.3793 resistance and falls below the EMA at $0.3590, it could move towards the support at $0.3515. Further decline could test supports at $0.2914 again A drop in RSI below 50 could indicate weakening bullish momentum. Conclusion Based on both the daily and 4-hour charts, PIVX appears to have strong support levels, but we cannot say there is a change of character here unless we break and stabilize above $0.4145. Given the undervaluation sentiment, there could be a good opportunity for upward movement if key resistance levels are broken and maintained.
by amirh-gh
Pivxusdt trading opportunityPivxusdt is displaying a potential double bottom pattern, while the price remains within a bullish flag formation. We anticipate an upward breakout from this flag. The immediate level to monitor is the setup neckline, currently serving as an immediate internal supply zone. However, a breakout above this level will initiate a significant rally, with the target clearly marked on the chart. Your engagement is valuable, and don't forget to show your support by liking the post. Thank you
Long
by weslad
1