LudwigStirner

PIVX. Bear territory

BITTREX:PIVXBTC   Pivx / Bitcoin
PIVX has just breached 100-Day EMA. However, considering that the 100-Day EMA has been acting as a good support for PIVX over the last two months, With the RSI reading at 40, the PIVX is far from oversold and also indicates some room to the downside.

The MACD also brings negative news for the coin price. The MACD line has crossed below the zero centerline, signaling a bearish trend. The POCs usually act as strong price attractors, in PIVX case, the coin has touched this level. This is the price that most market participants accept. As you can see the point of control is close to the 0.0006. The bulls seem will to be keeping the price around that level in the next few days.
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