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NPXSUSDT

Pundi X has found support on long termHi friends hope you are well and welcome to the new update on Pundi X . As it has just bounced from the support of the channel that is formed on the daily chart therefore in today’s post we will try to understand that how much it can go bullish. The formation of this channel was started after 13 March 2020. And so far the price action did not break out or break down the channel. I've also placed the moon phases indicator on this chart. And it can be easily observed that new full moon is appeared at the resistance of the channel and new dark moon at the support of the channel. So there is no clear signals by this indicator whether the price action will break out or break down. Because it is difficult for the price action to cross up or cross down that level of full and dark moons. The price action is also likely to break down the exponential moving average 10 and 21. But as the price action is getting bounced from the support therefore we can expect that the priceline will be moved up above these two exponential moving averages again. The SMAs are playing role of strong support: If we watch the simple moving averages with the time period of 25 50 100 and 200. Then price action has broken down the 25 simple moving average but did not break down the other moving averages. And it is re-testing the 50, 100 and 200 SMAs at the same time. From this level we can expect that the price action has the channel support and the support of 3 simple moving averages therefore another upward move up to resistance of channel is expected. Indicators on long term chart: If we switch to the long term weekly chart. Then stochastic has given bear cross and the MACD has turned week bullish from strong bullish. So these two indicators are giving signls that the price action is turning bearish. But if we watch the directional movement indicator then positive directional indicator is still above the negative directional indicator. That is the bullish signal and the momentum indicator is also turned a weak bearish from strong barriers that is another bullish signal. But unless all the indicators don't give the bullish signals together we cannot be confirmed that the price action is really going to start upward move. A big bullish Butterfly: Now I would like to recall a really very big bullish butterfly pattern that has been formed on the weekly chart by the price action of NPXS. I have been sharing this pattern several times in my previous articles. At the moment the price action is moving above the potential reversal zone. As per Fibonacci sequence of bullish Butterfly that sell targets can be as below: Sell between: $0.0003700 to $0.001010 As per above targets this pattern can produce up to 600$ gains. But once the price action will be able to cross up the sell zone that is up to 0.786 Fibonacci projection. Then the price action can start even more powerful rally. Conclusion: On short-term and midterm we can expect an upward move up to the resistance of the channel. However on long-term the indicators are neutral because some indicators are giving bullish signals and some indicators are giving bearish signals. However the pattern is showing that on the long-term the Pundi X has found support and it will make a really very big move very soon.
NLong
by moon333
Pundi X Is Likely To Breakout For Further Upward MoveYesterday on 4 hour chart the priceline of Pundi X was forming a bullish BAT pattern and it was likely to complete the final leg of this move. As per Fibonacci sequence of bullish BAT move it was expected that the last leg of NPXS will be retraced between 0.786 to 0.886 Fibonacci level. And from there it will take the bullish divergence. But the price line went close to the potential reversal zone that was supposed to be started from 0.786 Fibonacci level and could not enter the potential reversal zone completely as below. Caught in wedge and 100 SMA strong support: If we examine this 4 hour chart more closely then it can be clearly seen that the priceline has formed a Wedge pattern. And Pundi X is moving within this wedge. The priceline broke down the 100 simple moving average on 24th of Feb and also broke down 200 simple moving average on 26th Feb. And after breakdown of these two supports we have witnessed a really very strong bearish trend on 4 hour chart. Finally the priceline is caught within this wedge and now it is being consolidated here. And crossed up 100 simple moving average. When the price action was forming the last leg of bullish BAT pattern which we have discussed earlier at that time the NPXS also had strong support of 100 simple moving average therefore in order to complete the last leg the price line needed to break down the support or atleast hit spike beyond the support of 100 SMA. But the priceline was not able to hit the price beyond this support level and got a powerful bounce from 100 simple moving average. Now it is expected that it will make an attempt to breakout the resistance of the wedge and if the price action will be able to breakout the resistance then it will use this resistance as support and using this support Pundi X might make an attempt to breakout the next resistance level of 200 simple moving average. And once it will break out the 200 SMA as well then we can see the bullish movement even on the bigger charts as well.
NLong
by moon333
Pundi X needs little more drop and then bang | upto 1482% gainsThe big harmonic move on 2 week chart: In previous post we have already seen that on 2 week chart the price action of NPXS has completed the formation of bullish Butterfly pattern. After taking bullish divergence at the starting of Feb 2020 it moved up by more than 70% from the lowest price of Jan 2020 which was $0.00012001 and now the price action has again dropped down in potential reversal zone of this pattern. The support: Even though the pundi X has found a recent support at: $0.00011078 but now there are chances that the price action may reach below this level. And during this move the priceline may not break down the $0.00011078 support but the spike can be hit beyond this level for the completion of another harmonic pattern that is being formed I will show that pattern latter on in this article. Oscillators and indicators: Previously we have observed that the moving average convergence divergence (MACD) was turned strong bullish and relative strength index ( RSI ) was oversold and it was turned bullish. The balance of power was also strong bullish and momentum was shifted to bulls. But now moving average convergence divergence (MACD) is turned weak bearish from strong bearish, relative strength index ( RSI ) is also turning bearish, balance of power is turned bearish, momentum is also being shifted to bears and if we see the stochastic then it has also given bear cross and these indications can lead the price action more down. The recent harmonic move: On 2 day chart price action of Pundi X (NPXS) is forming a bullish butterfly pattern we need little more drop for the completion of this pattern and then price action will be entered in the potential reversal zone and final leg will be completed. Formation of this pattern was started on 23rd December 2019 and at this time the final leg is being formed. The dimensions of new pattern: Let’s see how perfect this pattern is being formed: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 1.27 to 161.8 Fibonacci then the priceline will be ready to take bullish or upwards move. Buying And Sell Targets: The buying and sell targets according to harmonic Butterfly pattern should be: Buy between: $0.00006849 to $0.00001354 Sell between: $0.00011114 to $0.00021421 Is this volatility is insane? So for example if the last leg will be formed upto its maximum extent of $0.00001354 then there is possibility that this trade may produce upto 1482% huge gain. This move can be insane in some people’s point of view but the level where the Pundi X is moving at this time is turned extreme volatile therefore the little movement of NPXS produces huge profits and losses as well. For more examples you can see the PundiX charts I have published on tradingveiw then you will find this token produces hundreds of percents gains and losses even on hourly charts. And this is the beauty of PundiX that makes it more attractive for traders. Stop Loss: The potential reversal zone area which is up to $0.00006849 can be used as stop loss in case of complete candle stick closes below this level. Note: This idea is for education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
NLong
by moon333
NPXS/USDT 4H (Binance) On support, downwards retracement's overPundi X just reached Fib. 0.786 at 0.0001474 and is looking for a new retracement upwards now. This is for short-term trade but still midterm is quite promising for the token. Function X is in testnet and mainnet will be live in Q3 2020 so better hold some bag for the long run also! Buy Entry= 0.0001565 - 0.0001445 Take Profit= 0.0001770 | 0.0001959 | 0.0002264 Stop Loss= 0.0001241 Risk/Reward= 1:1 | 1:1.71 | 1:2.86 Expected Profit= 17.53% | 30.08% | 50.33% Possible Loss= -17.60% Fib. Retracement= 0.236 | 0.382 | 0.618
NLong
by TradingOn
1
Pundi X (NPXS) Has Starting The Journey Towards 459% Bull MovePundi X (NPXS)has started a strong bullish rally at the starting of Feb 2020 and it is up by more than 70% from the lowest price of Jan 2020 which was $0.00012001. The moving average convergence divergence (MACD) is turned strong bullish and relative strength index (RSI) was oversold now it has turned bullish and moving up. The balance of power is strong bullish and momentum is shifted to bulls. On day chart the candle sticks are closed above exponential moving average 10 and 20 after Jun 2019 and EMA 10 has also formed bull cross with EMA 20 and lifting the priceline and Bollinger band is expanding and paving the way for priceline to move up the candle sticks are stick with the upper bands of Bollinger bands and turning more bullish the angle of Bollinger bands is also moved up after Jun 2019 showing the trend is changed now. +DI has crossed -DI and ADX is also aggressively moving up previously it was assigned to –DI now the ADX is assigned to +DI which is clear signal that this time the power is in bulls hands. Previously the ichimoku cloud was turned bullish upto 1 day chart now upto two day chart the Ichimoku cloud has changed from bearish to bullish and lagging span of ichimoku cloud has crossed up the price action and conversion line has crossed up the base line. On other side the chop zone upto 2 day chart is also turned bullish. In previous post we have already seen that on 2 week chart the price action of NPXS has completed the formation of bullish Butterfly pattern and has taken bullish divergence at this time the price action is above the potential reversal zone of this butterfly pattern moreover Stochstic has also given bull cross from oversold zone and soon priceline can enter between 0.382 to 0.786 Fibonacci projection area of A to D leg which is from $0.00037271 to $0.00100624. So NPXS still has potential to give upto 459% from here.
NLong
by moon333
5
NPXSUSDT forming bullish BAT | A good long oppotunityThe World's No:106th cryptocurrency Pundi X (NPXS) is forming bullish BAT pattern on 12hr chart and expected to enter in bullish potential reversal zone soon. Lets have a look on the Pundi X price action's move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is almost projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $0.0001259 to $0.0001233 Sell between: $0.0001322 to $0.0001415 So this is a good and very short term long opportunity for NPXS traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
NLong
by moon333
2
NPXSUSDT formed bullish Gartley | A good long opportunityWorld's 111 ranked crypto token Pundi X Pundi X (NPXS) has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the dimensions of NPXS priceline's move: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move. So as per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $0.0001347 to $0.0001337 Sell between: $0.0001354 to $0.0001372 So this is a good short term long idea for NPXS day traders Regards, Atif Akbar (moon333)
NLong
by moon333
2
NPXSUSDT formed Shark | A good long opportunityPriceline of world's 110th largest cryptocurrency out of more than 2300 crypto tokens Pundi X (NPXS) has formed bullish Shark pattern and entered in potential reversal zone. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of NPXS price action's moves: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $0.0001210 to $0.0001190 Sell between: $0.0001227 to $0.0001268 So this short term 4hr based chart trade is good long opportunity for NPXS day traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
NLong
by moon333
1
NPXSUSDT Total Breakdown? Following up and taking data from their recent AMA into account it all comes down to the following points imo: - Number of deployed XPOS is not clear and not very like to increase. Hence transactions are non existent. - Removing fees to burn NPXS will further work toward the goal of decreasing supply and making more and more investors nervous. - Exchanges might come to realize the several flaws in their execution plan and will opt in to fully delist due to no demand and low liquidity. Until they sort out their tokenmomics and start doing the things they marketed when doing ICO this project should be a red flag for any sane person. Some argue , it's a great team , they have working products , great partnerships , we have a bear market all coins are down, projects like this need time to grow. Yes , i get it. But for this early investors our there ask yourself this: Have they been delivering on the core elements they promised when you bought in ? That said, the price action is likely to further decline with more and more people losing interest and no significant removal of supply. Happy New Year and good trades.
NShort
by TheTradingBasics
7
NPXSUSDT is completing the bullish setup for breakoutOn daily chart the price action of NPXS has formed a falling wedge pattern and hitting 3rd time at the support of this wedge the formation of this chart pattern was started from 23rd Oct 2019 and every time the priceline consistantly getting bounced from the support of wedge so we can expect this time soon we will see bullish divergence and the greens will be appeared. Like every time the pricline of Pundi X is hitting the lower bands of Bollinger bands with hitting this pattern's support. Indicators And Oscillators: The moving average convergence divergence (MACD) is strong bearish. The RSI is already oversold with the value of 25.27 before this it was 22.29 on 18 Dec 2019 and if we have a look on stochastic then it can be clearly seen that the stochastic has given bull cross. So we have some how miscellaneous situation here only rely on bull signals from Stochastic will be bit risky. The Harmonic Move: If we see the harmonic move then the price action of NPXS is forming a bullish Crab after intitial leg the A to B leg is retraced between 0.382 to 0.618 Fibonacci and B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg after having all these legs driven as required for a perfect Crab pattern we can expected that the final C to D leg will be retraced between 1.27 upto 1.618 Fibonacce for the completion of perfect Crab pattern, sofar the final leg is retraced upto 1.208 fibonacci. I have defiend the buying and sell targets as below for this bullish Crab pattern: Buy between: $0.0001157 to $0.0001013 Sell between: $0.0001269 to $0.0001537 As per above targets if we enter in trade as per this bullish Crab pattern then we can have upto 51.5$ profitable move but if the price action will breakout the 0.786 Fibonacci level of sell target zone which is at $0.0001537 then the Pundi X can have a breakout from the falling wedge's resistance as well. But here we should set our stop loss point the potential reversal zone of this Crab pattern. Regards, Atif Akbar (moon333)
NLong
by moon333
Pundi X (NPXS) Long Term Analysis | Pundi X Completed ButterflyThe world’s 99th ranked cryptocurrency out of more than 2300 cryptocurrencies Pundi X (NPXS) was moving within a falling channel since Dec 2018. Following this channel the traders were earning very easy money by simply buying at support of channel and sell at resistance. The 1st bounce produced more than 80%, the second bounce produced more than 96% and 3rd bounce gave more than 106% profit and then finally in July 2019 the price action broke down the support of channel and since then NPXS has formed a long bear leg. The Ichimoku cloud: On daily chart In the month of July the ichimoku cloud turned bearish now after more than 4 months finally the cloud is turning bullish as we can clearly see that lead 1 has crossed up the lead 2 and lagging span has attempted to cross up the priceline. The Indicators and Oscillators: The chop zone which was turned strong bearish since Aug 2019 is also turned weak bearish in the month of Oct 2019 and moving average convergence divergence (MACD) is also turned weak bearish from strong bearish and fast length of MACD is likely to cross up the slow length very soon and RSI is also oversold since Sep 2019. The pennant: When the Pundi X extended its bear leg then it changed its movement from up channel to pennant by having 4 touches at resistance and 3 touches at bottom of pennant now the price action is at the end of this pennant now from here the priceline can either breakdown the support of pennant or breakout the resistance but as discussed earlier we have seen that indicators and oscillators are turning bullish so we can expect the breakout or more sideways trend. The harmonic move: After all above observations the most powerful signal and indicator for me is the harmonic move which is always formed by nature by supply and demands of humans and this time the Pundi X has formed a bullish butterfly now lets have a look at this pattern: After initial (X to A) leg the B leg is retraced upto 0.786 Fibonacci as required for bullish butterfly and B to C leg is projected between 0.382 to 0.886 Fibonacci projection area of A to B leg this is the second confirmation of bullish Butterfly now finally we needed the retracement between 1.27 to 1.618 Fibonacci and by retracing upto 1.376 the price action confirmed that it has completed the bullish butterfly pattern and now it is in potential reversal zone of this pattern. Here the important point is that the 1.618 Fibonacci level is in negative and the priceline cannot cross the 0 point so we can assume that the price line has hit the lowest point and cannot move more down now we can set our sell targets between 0.382 to 0.786 projection area of C to D leg. The buying and sell targets should be: Buy below 0.00010493 Sell between: 0.00037007 to 0.00101017 According to above calculations the Pundi X can be the coin which is gonna give profit more than all cryptocurrencies. Regards, Atif Akbar (moon333)
NLong
by moon333
1