PIVX 1D Timeframe 3 December 2017
PIVX, the privacy coin which I'm heavily in to. Pretty decent infrastructure and technical background on this one, heavily undervalued in my opinion.
But ok, let's go to the Technical Analysis. As we can see, PIVX had a huge spike at the end of April this year, resulting in a ATH of around 178K. After that it retraced back to the 0.236 level for three times. As we continue doing this analysis we can see a pattern coming for PIVX, which is the Elliott Wave in a descending triangle. The three bottoms around the 0.236 Fibonacci Level are the A, C and E waves. After that we can come to the conclusion that we'll see an ABC after this coming (after a ABCDE wave, you'll most likely see an ABC wave coming, which we've seen before with PIVX as well).
I'm expecting a pattern like the ones approached with the arrows. And if we see it, then we'll be seeing an pretty high ATH coming.
Will update this one weekly.
But ok, let's go to the Technical Analysis. As we can see, PIVX had a huge spike at the end of April this year, resulting in a ATH of around 178K. After that it retraced back to the 0.236 level for three times. As we continue doing this analysis we can see a pattern coming for PIVX, which is the Elliott Wave in a descending triangle. The three bottoms around the 0.236 Fibonacci Level are the A, C and E waves. After that we can come to the conclusion that we'll see an ABC after this coming (after a ABCDE wave, you'll most likely see an ABC wave coming, which we've seen before with PIVX as well).
I'm expecting a pattern like the ones approached with the arrows. And if we see it, then we'll be seeing an pretty high ATH coming.
Will update this one weekly.
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