PUNDIXUSDT.P trade ideas
PUNDIX - Rise from a Low? Possible!So in this post I am looking at the token price from a fundamental perspective, rather than technical.
Ever since @PUNDIX has decided to transform/rebrand their token from NPSX to #PUNDIX, with a reduction of the total token amount from 258,498,693,019 to 258,526,640, it has been trading at a low - and I see that actually as a good opportunity.
PUNDIX is providing real products: Their #XPOS solution and devices are distributed in 30+ markets including the United States, Spain, Argentina, Korea, Australia, Colombia, Spain and Taiwan. They are constantly shipping/selling more devices and the demand is growing.
Their blockchain solution enables easy payments with the XPOS device. Retail merchants, as well as consumers, can easily buy, sell and transact using digital assets in physical stores. The product is designed to accept every cryptocurrency. Popular digital assets like Bitcoin (#BTC), Ethereum (#ETH) and PundiX (former NPXS) are listed within the ecosystem.
For a short technical analysis: In the chart you can see that a low around 3,58$ has been working as a support (this can also function as a Stop-Loss). Other following lows did not even touch that level (3,66$ and 3,67$).
My profit taking (PT) levels:
4,243$
4,541$
5,602$
6,805$
9,686$
Remember to set PT levels a bit lower, since 90% of the time first touches of levels get rejected, with price falling to a close support level, where you can re-accumulate.
In conclusion: With a lower total amount of tokens, real products with real value and increasing demand: You do the math :)
- This is no financial advice, so trade with care! -
For transparency reasons: As of yesterday I am invested in PUNDIX with 1/15 of my total portfolio size.
PUNDIX Playout 3I just want to project my gains... I've already lost, however I've spot traded this coin a lot and made so much from it. Honestly any price I sell at even if its $1 I'm still in profit as I've been in PUNDIX (NPXS) for a while now and but at some ridiculous prices.
This is a personal decision not financial advice.
Trade carefully... this is crypto anything can happen
PUNDIX great buy opportunityAfter a bearish momentum, the new PUNDIX has made three tries of a breakout from the triangle. In addition, there is a possibility of reversed head and shoulders with confirmed low volume in the right shoulder. Thus, we may see a skyrocketed price movement in the upcoming 2-3 weeks. Wish you successful trading ;)
PUNDIX (Updated)I am updating my previous idea related to PUNDIX. Unfortunately, we did not see the reversed head and shoulders, however, the price action gave us more clarity for the future direction. I expect the price to reach an all-time low today (16/04) as a complete 5th wave of correction before changing the trend. Thus, I think we will have a great weekend. Do not miss buy opportunity and stick to the stop-loss at around 3,5 USDT . Wish you successful trading ;)
PundixThis is for my nice follower!
Pundix is a bit hyped I think i know about old Pundix(up 2000 % today lmao). I think Pundix could recover but the project is very unspecial. Pundix old could go to old ATH but Pundix new is maybe a good buy because the low price. But it could run out because it got hyped very much at the launch and then dropped lower and lower like a hypecoin. I will make a post in a week again about Pundix!
Pundix to $3.33Pundix is moving down and a downtrend after the token swap, mostly visible there is just a large low limit order at the moment pulling it down and also its one of the several ALT where the money is moving towards BTC causing this down and before the swap the token was also overbought because of the hype that the coin would increase in value due to the tokens burning. However even with the tokens burned the limit orders still in control of the pricing holding it down.
New Pundi X The Birth Of A New Asset?This chart aims to document the price action of the newly swapped PUNDI X tokens.
This expirienced an overnight supply reduction by the factor of 1000
Before the swap 1000 nxps was worth: $7.68
After the swap 1 Pundi is worth: $4.29
The price is currently at a discount do to market sentiment.
When china hands out all that free crypto at the Olympics, the cash registers will likely need a way to accept it ;)
Buy the hate and sell the love.
Oppourtunity Abounds.
Not Financial Advice.