PIVXUSD
Timeframe: Weekly
Resistance: 0.4717
Pattern: Cup and Handle
RSI: Overbought
Trade Idea: Long
Important Note: This is just my idea and always use proper risk management in any position you take.
Explanation:
The PIVX coin has formed a cup and handle pattern on the weekly timeframe.
The resistance level at 0.4717 is a key level to watch.
If the price breaks above this resistance level, it could signal a further bullish move.
The RSI indicator is currently in the overbought zone, which could indicate a short-term pullback.
However, the overall trend remains bullish, and a break above the resistance level could lead to a significant move upwards.
Disclaimer:
This is not financial advice. Always do your own research before making any investment decisions.