PUNDIXUSDT trade ideas
Perfect breakout & bounce off my analysis!So far my analysis of Pundi X is hitting all my projections of my analysis perfectly and it's looking damn good right now for further moves to the upside!
This is a nice confirmation retest on breakout which shows we have created a new support & so we must be near a rally of some sort! Let's go 🚀🚀🚀
Huge breakout is now amongst us! Huge pump incoming!This is a follow-up update to my previous Pundi X post and as we can see, we have now reached the very edge of a huge breakout confirmation. The support has persisted to hold, forcing us sideways and slightly in the green today. I have high expectations for a bullrun to the upside in the next week. Let's hope that I'm not wrong.. or worst-case scenario more sideways action. We ain't going down.
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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PUNDIX formed big bullish BAT for upto 232% big moveHey dear patrons, hope you are well and welcome to the new trade setup of PUNDIX.
During the current drop, on the weekly time frame chart, PUNDIX has formed a bullish harmonic BAT pattern for a big bullish reversal move.
Buy between: $0.768 to $0.578
Sell between: $1.33 to $1.92
Stop loss:
Below: $0.578
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 232%, and the loss possibility is 25%.
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
Pundi X Can Breakout Long Term Resistance SoonHi friends hope you are well and welcome to the new update on PUNDIX.
Long-term resistance and support:
Since the month of April 2021 the Pundi X has found a very strong down trendline resistance and the priceline has been rejected by this resistance for several times. Right now it is again likely to be rejected by this down trendline. There is also a very strong price-level support at 83 cents. Pundi x has tested this support 1st time in June 2021 and so far it is not able to break it down. The movement of the price action is getting squeezed therefore, very soon a break from this support or resistance is possible if the price line breaks out the resistance then there will be a key resistance at $2, and in case of breaking out the key resistance, it can move back to $10 very soon.
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
Pundi X | A Significant Breakout Flashed On The ChartsHi friends hope you are well, and welcome to the new update on PUNDIX.
Long term resistance:
Since April 2021, pundiX has found strong down trendline resistance. In the month of Jun 2021, the price action found an uptrend line support which was broken down in Oct 2021. Now the price action has formed a down channel and another symmetrical triangle. Now the movement of priceline is getting squeezed as it has reached the end of the triangle.
RSI breaks out resistance:
RSI has broken out a long-term resistance line and also showing a bullish divergence. This brekout is indicting that the priceline can also breakout the long-term resistance for a big bull run soon.
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
Forced into a breakout!We can see Pundi X now moving between this range in the past 3 months. We've had a fake breakout to the upside and then a fake break out to the downside, then back into the range. Now for the real deal! More likely long breakout to the upside!
Risk reward ratio to the upside has far more value for profitability 📈 so here we go!! Breakout by December 10th!