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 , there is a big at 2.25. As long as we are above 2.25 then I think this PIVX is a good bet. It could easily move to 10 or 20 in the future.
IF the price FALLS BELOW, the 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
EXIT: around top
STOP: below bottom / long term - 2.25 support on
!! 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 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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