PIVX has corrected lower of the last few weeks together with other crypto currencies. It is normal to move in waves up and down, and according to elliott waves we do this in 5 waves in the direction of the trend and 3 waves against the trend.
So looking at the big picture chart of PIVX (weekly) we could be at the bottom of the 2nd wave here, now waiting for the 3d wave higher to take shape. The 3d wave is the strongest wave normally, and should lead higher eventually towards a minimum price target of USD 20.
PIVX has a great roadmap for the year 2018, and should benefit from that. Looking at MONERO, another privacy coin, at a market cap of 4.8 billion, it is certainly feasible as well that PIVX eventually will catch up, which would mean a move higher towards atleast USD 60 for 1 PIVX, just something to keep in mind.
