Pivx- The Calm Before The Storm
Pivx has seen gigantic returns, and has retraced quite a bit , it maybe time do take a nice entry for a short term gain.
The PIVX wallet has been updated and many new features have been added. More info will be available here Link
So let's start with the Technical Analysis
The current price is a fairly good entry, but I am going to wait for a little confirmation for a breakout , or let it retrace to the absolute golden buying opportunity of 0.00054270.
- The first target would be 0.00056506 with a decent 6.8% return
- The next target would be 0.00061720 with a profit % of 16.8%
- Target 3 which is very optimistic would return 54%.
The RSI is at 23. Which is a good buying signal.
The MACD has not given us a bullish crossover signal, but it may do so in the following days.
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It's very important to consider the current market movements. If BTC continues to move up it's party time
I bought PIVX as a long term hold; just one crypto, part of a diversified portfolio.
We'll see where it's at next year. Some will win, some will lose...Don't sweat the Short Term...
Newq
True, PIVX is a long term hold. Everyone cannot be part of the long term game, and some like to make quick profits. Hoping to share some of my trades that I have taken.
Thanks for the comment newq, so what else is there in that portfolio of yours?
Price is looking great but still there are several chances of it going lower. Not very likely but yet a possiblity. Good post.