PIVXUSD snaps to lowest close since May 27, 2017
Private Instant Verified Transaction/US Dollar Index (PIVXUSD) Technical Analysis Report for Aug 11, 2018 | by Techniquant Editorial Team
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.
Daily Candlestick Chart (PIVXUSD as at Aug 11, 2018):
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.
With seven out of the seven Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are XRPUSD losing -8.28% and ETHUSD closing -6.98% lower. None of the markets managed to end the day in the green. Looking at the other Minor Cryptocurrencies, the winners of the day have been BTCCNY surging 5.28% and WAVESBTC closing 1.9% higher. The worst performers of the day have been ELFBTC tanking -13.38% and IOTUSD closing -12.28% lower. Read more