just an IDEA ( pivx ) 4H

5 июн.

PIVX - 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.

7 июн.

Сделка активна

9 июн.

Сделка активна

We broke through the trading range but couldn't sustain above it, being rejected before reaching the resistance. Now, we have a small support and a trendline; they could help us get back above for short time. We'll need to observe how it reacts thereafter.

15 июн.

Сделка активна

As I mentioned in the last update, if you extend the orange trend line, you will see that it has helped us bounce upward for the third time. However, I think there is a possibility that we will see 0.2914 again.