NPXS - Breakout in July?
NPXS seems to not be in a hurry to leave it's channel the past few weeks... even the most recent surge to 14 sats it stayed inside the channel, and after the pump, it fell down to bouncing off 9 sats as of June 17th. I think we are seeing a double-bottom forming over the next two or three weeks until mid-July when the numbers are announced for the first coin burn after air drops were completed this month. As supply decreases through transactions and conversions, price should creep up. I said it in a previous idea, but 7-9 sats for NPXS is likely the lowest it will EVER be. Buying at 7 sats would be tough because unless you have an early order, you will probably not catch it. Buying at 8 sats as it gets orders get eaten up into 7 seems like the best way to get it cheap.
The coin burn in July coincides nicely with our descending wedge and channel on the daily/weekly.. giving TA and FA a nice convergence at that time. We should be able to re-visit this chart in the coming weeks and see exactly the moment NPXS breaks through it's year-long channel... and it should happen in early July at a price of ~11 sats.
The coin burn in July coincides nicely with our descending wedge and channel on the daily/weekly.. giving TA and FA a nice convergence at that time. We should be able to re-visit this chart in the coming weeks and see exactly the moment NPXS breaks through it's year-long channel... and it should happen in early July at a price of ~11 sats.
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