Community post
Trade Setup Alert! - PIVX
PIVX
It appears that buyers are stepping back in and buying this coin. PIVX currently retraced back into an important demand zone where the 0.00063500 BTC level is holding up. Look for entries into this coin at this level.
My technical analysis is simple. I use Price Action to determine where the "whales" are on the chart and trade with them not against them. Is it 100% foolproof? No, nothing in trading is but it provides you with a lot more of an understanding what the chart is showing you. Learning to read the language of the markets is a skill that could be acquired, and it all starts with learning price action.
Safe trading,
Replies (5)
i honestly believe that pivx is at least a 10 dollar coin in the next few months and probably well into the 100 dollar mark by next year. Simply based on community activity and the tech itself. The number upgrades and announcements coming over the next few months is huge and the continued road map impressive.
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LOL... this isn't support, it's just me buying.
Well then you are creating that support level. Support and resistance is simply an imbalance of buying and selling.
Very good article. I was about to start a similair discussion. Investing in cryptos is still a risky thing. I was researching a way to find more info about the current cryptocoins on the market. I found this great website: https://www.coincheckup.com They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. For example: https://www.coincheckup.com/coins/PIVX#analysis For the PIVX Research report