PundiX: Created First Uptrend Channel
Updated
Hi all,
I love the project behind pundi X. The token burn i didnt like as much tho :)
On the long term this is a good idea but for the short term we all can see what it has done.
Anyways Pundi X made a reverse Head and shoulders. As drawn out very clearly. (text book)
Which could indicate we left the downtrend and created the first uptrend channel for Pundi X.
We are currently testing the 4.96/5.00 zone.
I think we get a bit of correcting from the first pump towards the 6 dollar zone.
Based on the Fib Ranges we could see a correcting to ~4.80$ this could be a good buy in zone.
After that we will retest and break the 5.00$ zone and go test the next one 5.20 and 5.50.
Those are the 3 targets for the short term
1. 5.20
2. 5.50
3. 6.38
These will become invalid if Pundi leaves the Uptrend Channel ofcourse.
Lemme know what you think.
I love the project behind pundi X. The token burn i didnt like as much tho :)
On the long term this is a good idea but for the short term we all can see what it has done.
Anyways Pundi X made a reverse Head and shoulders. As drawn out very clearly. (text book)
Which could indicate we left the downtrend and created the first uptrend channel for Pundi X.
We are currently testing the 4.96/5.00 zone.
I think we get a bit of correcting from the first pump towards the 6 dollar zone.
Based on the Fib Ranges we could see a correcting to ~4.80$ this could be a good buy in zone.
After that we will retest and break the 5.00$ zone and go test the next one 5.20 and 5.50.
Those are the 3 targets for the short term
1. 5.20
2. 5.50
3. 6.38
These will become invalid if Pundi leaves the Uptrend Channel ofcourse.
Lemme know what you think.
Note
click zoom in 2-3 times for a better over view.Note
you probably noticed this chart is invalid :D
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