Pundi X 1h ShortSetup: Pundi X has been on long term downtrend and recently got rejected off 200D EMA and its 4h 200 EMA
Entry: 0.8145
TP: 0.71
SL: trail using SAR indicator( currently at 0.8526 )
Key stats
PUNDIX 4h shortSetup: PUNDIX has been respecting the downward trend line
Entry: Macd crosses down
SL: 1 ATR above 200 EMA
TP: 0.6( ATL)
PundiX finally breaks out of 1.5 month Triangle patternPundiX in my opinon looks like it's finally starting to make its way up to the 23.6% retracement level.
PundiX, short to midterm hold.PundiX (formerly NPXS) lost its hype after the redenomination and regaining some momentum after its massive drop to ~$0.5. I'm expecting a bounce in these areas, placing my spot orders around $1.71-1.65 area, then I'll DCA if it goes lower to ~$1.59. I may place some orders at MA200 (blue line).
No
I'm clearly bullishPundix had a breakout of the falling wedge pattern and it's now printing an inverse SHS pattern as the retest. A clear indication of bullishness.
Falling wedge bottomPundix just hit a strong support forming a falling wedge. I'm taking a risk to buy. Buy now or buy the breakout.
PUNDI X MARKET ANALYSIS 18.4.2021Pundi X Providing a borderless payment ecosystem beyond fiat.
There are many reasons why people are now turning to digital currency. The most obvious use case is for transactions, but digital currency also plays a key role in promoting financial inclusion, overcoming foreign exchange issues, and eve
Pundi x After consolidation for a while and then some major sell off while the token swap was happening. overall I'm pretty bullish on pundi x lets see if this can go our way.......The only way is up!
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