It's nice to see how Fibonacci Extension levels from 8.12. to 11.12 "cooperated" in the future - near the extension levels there was always some kind of resistance. We can also draw 12345 Elliott wave pattern and assume that we are now in ABC correction.
From the chart we can also see that PIVX is currently in 71k and 85k channel. Breaking this channel to downside could lead PIVX to point C of ABC correction. But it is not a must :) If it will manage to break above 85k (with more volume), it could reach previous high around 100k, but this is currently risky trade IMO. Let's see what future will bring to us!
From the chart we can also see that PIVX is currently in 71k and 85k channel. Breaking this channel to downside could lead PIVX to point C of ABC correction. But it is not a must :) If it will manage to break above 85k (with more volume), it could reach previous high around 100k, but this is currently risky trade IMO. Let's see what future will bring to us!