STUCK IN THE CHANNEL:
PIVX is showing the urge to break out of it's long time channel and go exponential.
If we manage to hold a breakout of this long time price range that connects the price highs and lows since March, then we should see a rapid and sharp rocketing of price.
If we don't manage to breakout, then we should stay channel bound, and head back down to 4.00, but still in a bullish trend overall.
Long on a breakout of the channel above 7.00
or
Long after a pullback within the channel around 4.00 to play the range.
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PIVX is showing the urge to break out of it's long time channel and go exponential.
If we manage to hold a breakout of this long time price range that connects the price highs and lows since March, then we should see a rapid and sharp rocketing of price.
If we don't manage to breakout, then we should stay channel bound, and head back down to 4.00, but still in a bullish trend overall.
Long on a breakout of the channel above 7.00
or
Long after a pullback within the channel around 4.00 to play the range.
Support my Analysis, Thanks!
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Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591