A trading opportunity to buy in PIVXBNBTechnical analysis:
. PIVX/BINANCE is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.12200 to 0.08800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.12200)
Ending of entry zone (0.08800)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.17700
TP2= @ 0.20800
TP3= @ 0.29700
TP4= @ 0.36900
TP5= @ 0.44200
TP6= @ 0.54500
TP7= @ 0.67500
TP8= Free
