A trading opportunity to buy in PIVXBNB

23 Okt 2018

Technical 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