PIVX looking for a breakout soonWe have some signals PIVX is getting some momentum. This is confirmed by playing with the cloud resistance. I would recommend waiting for a stable entry point or buy the break-out at 0.00036 sats level. If we have to buy the break-out make sure to move stop up. PIVX in general breaks with violence and volatility. Goodluck
Pivx
PIVX: Decision Time BITTREX:PIVXBTC has been moving down to the tip of the symmetrical triangle it formed over the last two day. Technical look bullish and support for this alt is strong so it is likely to be a break upwards (many altcoins are currently in a similar position). I don't usually pay a lot of attention to PIVX but recent news + price spikes + this triangle caught my attention. PIVX is likely a longer term hold but will yield consistent returns. Suggested entry on breakout. TP's on chart.
PIVX 1D Timeframe 3 December 2017PIVX, the privacy coin which I'm heavily in to. Pretty decent infrastructure and technical background on this one, heavily undervalued in my opinion.
But ok, let's go to the Technical Analysis. As we can see, PIVX had a huge spike at the end of April this year, resulting in a ATH of around 178K. After that it retraced back to the 0.236 level for three times. As we continue doing this analysis we can see a pattern coming for PIVX, which is the Elliott Wave in a descending triangle. The three bottoms around the 0.236 Fibonacci Level are the A, C and E waves. After that we can come to the conclusion that we'll see an ABC after this coming (after a ABCDE wave, you'll most likely see an ABC wave coming, which we've seen before with PIVX as well).
I'm expecting a pattern like the ones approached with the arrows. And if we see it, then we'll be seeing an pretty high ATH coming.
Will update this one weekly.
PIVX Breaks Out on NewsPIVX looking strong here.
PIVX NEWS:
Pivx became the first proof of stake cryptocurrency to enable total transaction privacy. This was the catalyst for the latest technical breakout.
TECHNICAL ANALYSIS:
We consolidated since August in this 2.80 to 4.00 range. This is our 3rd attempt at breaking out and it has succeeded. A classic 1-2-3 break out pattern. Remember, the more a level is tested, the more likely it is to break and that’s exactly what took place over the last couple days in PIVX.
Now that we’ve broken the 4.00 resistance level, that should turn into support. We need to be aggressively long above 4.00 taking profits at our targets based on Fibonacci levels.
THE PLAY:
Long over 4.00
Target 1: 161.8% Fib level at 6.32
Target 2: 200% Fibonacci level at 7.34
The top trend line that connects price highs also comes into play around those levels, so we need to see how price reacts around our targets.
PIVX CHARACTER:
Based on PIVX’s price behavior since April, it tends to rise in price and then consolidate sideways for a couple months before taking another step. There is a stairstep pattern that seems to keep a pace based on fundamental news developments with the currency.
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!! DM me with chart requests or questions !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
PIVX - Cup & Handle Formation. PIVX Is forming a cup & handle formation which is indicating a potential bullish trend, I would suspect that the price will consolidate at its current price for a couple of days until it punches through the resistances shown on the graph. However, we could break through the support which could send the value back down again, fortunately, I think we are more on the bullish trend and this is the less likely event to occur.
Orange - Resistance.
Pink - Support.
PIVX/BTC short-mid term analysis | Compression Release PendingOverview:
Using the setup (detailed below) we see an emerging compression triangle over the next 1-14 days. The 7hr average is currently being compressed by a downwards BTC trend (orange line) and an upwards baseline support (green line). I expect trades to oscillate between this triangle for the next week before a major breakout emerges should PIVX 7 push past the 77hr and 231hr averaages. Currently, charts are showing downward trends for both 77 and 231. Should 7hr averages remain stable (or increase), expect a passing threshold around Dec 9th-10th. Upwards of 150k spike, with new floor around 70-75k Sats.
Using a new zero floor at this junction (around 40k Sats), we see some interesting patterns emerging. Extending Fibs (setting 1 at the previous high), we see the 786 intersect the upper Trend support (yellow line passing from nexus through the second junction of 7,77,231) around 150k sats. We also observe a potential new baseline support around the 236 (70k sats), which interestingly passes almost perfectly through the previous two intersections of 7,77,231).
CURRENT SETUP
I use a 7/77/231 hour of trends (7-white, 77- purple, 231 - white cloud).
Charting baseline support (~34k Sats)
Nexus Separation (7,77,231): 2/8/2017 1500 sats
First 7,77,231 intersection: 4/22/2017 127k sats
Second 7,77,231 intersection: 7/28/2017 75k sats
Third 7,77,231 intersection: 10/8/2017 75k sats
EST 4th 7,77,231 Intersection: 12/9/2017 40k sats
Downward BTC trend extends from Peak Price, and same trend placed through first 7,77,231 intersection. Notice the Path of 7 through this channel.
Upward Support extends from nexus to current 7 / baseline support intersection.
Pivx: Long term play: 5 weeks.If you seen my previous post, you saw how I managed to enter and exit Pivx right when the pump happened. Well, I hope you don't miss out on this one too. The risk is little, but you can more than double your investments, if done properly. What are your thoughts?
Trade with care.
Pivx - MOAB - Mother Of All Buy-insI've been holding and trading Pivx since the first day it came to Bittrex and the day candle Pivx produced yesterday was the biggest of its life, 4/5 the size of the entire chart - The last time i saw a day candle this big was on BTC after the BCash fork, these huge buy ins are done by wealthy players who can afford expensive analysts.... Pivx is a fork of Dash, the same Dev team as XVC and the first and only proof of stake coin to have zero coin anonymous protocol - A move into the big league looks imminent, I see at least a 10X increase in the next 6 months making PIvx one of the safest and most profitable longs out there
PIVX, long opportunityStop-Loss . 2.75$
Take-Profit1: 3.50$
Take-Profit2: 4$
Take-Profit3: 5$ // Long term
Good luck folks!
PIVX/BTC in a good positionWhat do you think of the current position of PIVX?
It looks to me that a 4th triangle might occur for a nice 30%+ profit. It could become far greater profit if the resistance breaks.
However, upon releasing this analysis, it could still break out of the triangle at the bottom, which would mean it goes down more.
PIVX/BTC in a good position!What do you think of the current position of PIVX?
It looks to me that a 4th triangle might occur for a nice 30%+ profit. It could become far greater profit if the resistance breaks.
However, upon releasing this analysis, it could still break out of the triangle at the bottom, which would mean it goes down more.
PIVX buycandle pattern - "morning star". MACD, RSI and ADX confirm the upward movement
buy 2.60
stop-loss 2.40
target 2.85 and 3.15
Happy trading)
pivx shortAs you can see, the symmetrical triangle was punched down. you can make short sales. Stochastic RSI and MACD confirm downward movement
The red lines represent the target points.
stop loss 3.40