#PIVX Technical Analysis of PIVX/USDT:
On the 15-minute timeframe
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1. Overall Trend:
· Sideways/stable trend with a slight upward inclination, as EMA(7) and EMA(25) are very close above EMA(99).
· Current price 0.1727, up +0.35%, close to the 24-hour high (0.1777).
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2. Technical Indicators:
· Moving Averages (EMA):
· EMA(7): 0.1721
· EMA(25): 0.1720
· EMA(99): 0.1703
· The clustering of the averages indicates short-term stability with slight upward support.
· MACD:
· DIF: 0.0001, DEA: 0.0002, MACD: -0.0001.
· Very slight bearish signal (MACD negative), but the difference is small and could change quickly.
· RSI(6): 56.5009
· Neutral to slightly bullish, without overbought or oversold areas.
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3. Liquidity and Volume:
· Current volume: 14,857, much lower than the averages (MA5: 33,554, MA10: 33,810).
· Significant volume drop indicates weak market participation and lack of strong momentum.
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4. Support and Resistance Levels:
· Near support: 0.1704 (recent low) then 0.1690 (today's low).
· Near resistance: 0.1777 (24-hour high) then 0.1800 (psychological resistance).
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5. Recommendation:
· Neutral, due to weak volume and weak MACD signals.
· Buy entry only on a break above 0.1777 with good volume.
· Stop loss below 0.1690 for any buy trade.
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Summary:
The market is in a sideways accumulation phase with weak volume. A break above 0.1777 is needed to confirm a true upward trend. Trading at the moment is risky due to low liquidity.