PIVX/BTC Trends (14 day wedge compression)

PIVX/BTC TradingView Analysis

Using the setup (detailed below) we see an emerging compression triangle over the next 1-14 days. The 7hr average is currently being compressed by a downwards BTC 5.69% trend (orange line) and an upwards baseline support (green line). I expect trades to oscillate between this triangle for the next week before a major breakout emerges should PIVX 7 push past the 77hr and 231hr averages. Currently, charts are showing downward trends for both 77 and 231. Should 7hr averages remain stable (or increase), expect a passing threshold around Dec 9th-10th. Upwards of 150k spike, with new floor around 70-75k Sats.

submitted by /u/BryanDoreian
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