There is a possibility for the beginning of an uptrend in PIVXBT

1 авг. 2018 г.

Technical analysis:
. PIVX/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000240 to 0.000212). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000240)
Ending of entry zone (0.000212)

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.
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Take Profits:
TP1= @ 0.000298
TP2= @ 0.000337
TP3= @ 0.000385
TP4= @ 0.000425
TP5= @ 0.000482
TP6= @ 0.000557
TP7= @ 0.000664
TP8= @ 0.000923
TP9= @ 0.001116
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