Pundixusdt
PUNDIX | Falling Wedge Consolidation..!!
#PUNDIX (Update)
From last 6-Months, Consolidating in Falling Wedge Pattern..!!
In Case of Breakout, Midterm target Would be 2.10$
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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Thanks for Your Love & Support..!!
PUNDIXUSDT: Just like Bitcoin (Requested by JCLARK87)Analysis is the same as my earlier BTCUSD post.
We will have to see how wave B plays out.
We shall evaluate again after its completion.
There are lots of variations to pullback but as long as it is a pullback, it means it will still go higher.
If it changes course to become another 12345 impulse wave, then the story changes.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Pundi X[new] broke out the triangle a good long opportunityDear friends, the Pundi X has broken out the triangle on 4-hour chart, as the price action has re-tested the resistance of triangle as support and confirmed the breakout.
Sell targets:
The technical sell target as per the symmetrical triangle for this trade is $2.
Stop loss:
Stop loss is $1.60 as it is the recent swing low before the breakout.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Pundix waiting to bottomOn the daily RSI , pundix does not really looks like it got a good entry yet it seem to still not have bottomed out an likely wait till end of the month when the RSI hit out of the bottom to buy in.
I was luckly when I sold my Pundi X and couldn't get a good re-entry before the swap and after the swap it dropped hard so some people probably only bought it for the hype and sold it hard. Seem the change and token burning has not really done much good to Pundix but hope this project recover soon.