Long
NPXSUSD is not going to finish this bull move
Hey friends, hope you are well and welcome to the update on Pundi x (NPXS) token.
The previous idea produced more than 310% rally sofar.
Retesting Ichimoku cloud:
Now after more than 310% rally the price action has broke out the Ichimoku bearish cloud resistance on long term weekly chart and now re-testing the previous resistance as support.
Simple moving averages:
On the long term weekly chart, the price action of NPXS token has broken out the simple moving averages 25, 50 and, 100. And now re-testing 100 SMA as support.
Expected BAT:
On the daily chart, if the price action breaks down the EMA 10 and 21 then it can complete another harmonic BAT pattern.
Bull flag:
On the small time period 4-hour char, the price action has formed a bull flag. This is a wedge pattern and if the price action breaks out the resistance of this wedge then it can rally 74% more.
Conclusion:
Even after the 310% bullish rally now the price action is re-testing the previous resistances as supports and not going to finish this rally.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
patreon.com/moon333
The previous idea produced more than 310% rally sofar.
Retesting Ichimoku cloud:
Now after more than 310% rally the price action has broke out the Ichimoku bearish cloud resistance on long term weekly chart and now re-testing the previous resistance as support.
Simple moving averages:
On the long term weekly chart, the price action of NPXS token has broken out the simple moving averages 25, 50 and, 100. And now re-testing 100 SMA as support.
Expected BAT:
On the daily chart, if the price action breaks down the EMA 10 and 21 then it can complete another harmonic BAT pattern.
Bull flag:
On the small time period 4-hour char, the price action has formed a bull flag. This is a wedge pattern and if the price action breaks out the resistance of this wedge then it can rally 74% more.
Conclusion:
Even after the 310% bullish rally now the price action is re-testing the previous resistances as supports and not going to finish this rally.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
patreon.com/moon333
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.