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just an IDEA ( pivx )

PIVX - 1D
I think PIVX is very underestimated these days, and we could have a very good opportunity in it.

We had a good bounce from $0.2933, which is a strong support level where the price has previously found buyers. We are currently touching minor resistance at $0.3756, but the main resistance is at $0.4114. If we break this level and stabilize above it, we could see a move towards $0.5074, which is a very important resistance.

Since there isn't much data, the 200-period Moving Average is just appearing ( RED LINE ), and the good thing is that we are already above it. We need to stay above it for continued upward movement.

Bullish Scenario:
If the price breaks above the $0.4114 resistance level with significant volume, it could rally towards the next resistance at $0.5074.
Continued bullish momentum could be confirmed if the RSI moves towards the overbought territory without hitting overbought levels.

Bearish Scenario:
If the price fails to break the $0.4114 resistance and falls below the EMA at $0.3593, it could move towards the support at $0.2933.
A drop in RSI below 50 could indicate weakening bullish momentum.

交易進行

We were rejected from our resistance around 0.41 and broke below the EMA 200. Currently, we are in a small support area, and if it doesn't hold, we could revisit around 0.3 again.

交易進行

We need to close and maintain above 0.3170; otherwise, it's likely we will see around 0.3 again. then we will decide about it again in that area .