PIVX is Completing an Expanded Flat

SUMMARY

PIVX could be in the latter or near final stages of an expanded ABC flat (3,3,5). The subwaves the three wave nature for both the red A and B waves. The C wave is in progress of finishing the complex wxyxz. If this is correct, then a likely lower low will be probable.

Note the divergence between the MACD and price with regards to the higher lows and lower lows. The histogram has also been putting in higher lows since early February. Could price breakout early before putting in a lower low? Yes and much will depend on the Bitcoin mood.

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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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