Hi friends hope you are well, and welcome to the new update on PIVX.

On a weekly time frame chart, PIVX has broken out a bearish pennant and now it is struggling to break the next resistance of $0.17. This level of resistance has previously been working as support and resistance as well.

On a daily time frame, PIVX has formed a descending triangle and reached the end of the triangle. The movement of PIVX is getting squeezed, therefore, at any time soon it can break this triangle.

For a detailed analysis, you can also watch the video.