PIVXUSD snaps to lowest close since May 27, 2017
Moving lower for the 2nd day in a row, PIVXUSD finished Saturday at 1.1000 losing $0.0900 (-7.56%). Today's closing price of 1.1000 marks the lowest close since May 27, 2017. Trading $0.0400 higher after the open, PIVX/USD was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Friday's low at 1.1800, the market confirms its breakout through the previous session's low having traded $0.0900 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Saturday's trading range was $0.1100 (9.48%), that's below last trading month's daily average range of $0.1905. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.
Market Conditions for Private Instant Verified Transaction/USD Index
|Close to R1 Resistance||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|2 Consecutive Higher Closes||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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