BITTREX:PIVXUSD   Pivx / Dollar (calculated by TradingView)
I really like this PIVX chart on the 60 minute. PIVX is one of the coins acting strong against both the USD and Bitcoin             , and strength is good for bulls.

It reminds me of Litecoin's upward trending channel that recently exploded to the upside.

I expect price to continue in this upward trend with a target around the former highs of 4.50/4.60

Longer term on the daily chart , there is a big support level at 2.25. As long as we are above 2.25 then I think this PIVX is a good bullish bet. It could easily move to 10 or 20 in the future.

IF the price FALLS BELOW, the trend line and out of the channel I would reduce my position. Then if the price falls below 2.25, I would exit my position as the pattern is broken.

If the pattern is broken, don't fix it, move on to the next trade.

ENTRY: around bottom trendline
EXIT: around top trendline
STOP: below bottom trendline / long term - 2.25 support on daily chart

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!! PM me with any questions about my analysis !!

MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
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