Long
NPXS now or never - update from last analysis
After our initial entry at 12 satoshi, we saw NPXS hit major resistance at 20 satoshi.
NPXS failed to break and close above this resistance and was pushed back by the downtrend channel as shown. We saw a fake out on the 28th of feb which was pushed back inside the channel immediately.
NPXS has been accumulated heavily which is confirmed by the weekly and monthly chart, that show tremendous volume at the bottom.
We can now see a squeeze between the reistance line and the bullish rectangle, also a possibly upcomming supportline which collides at approx the same point.
We can now see a posible bullish rectangle forming, which by nature, is a continuation pattern. stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rectangle_continuation
Fundamentally, we can also see some activity for NPXS
- Staking starts 20th of march
- 11% monthly airdrop
- Attending money 20/20 Asia on the 21th of march
An entry at 15-16 satoshi would be perfect here, NPXS may not break below 15 satoshi or the rectangle is broken bearish
For easyer entry, see update below about NPXS/ETH pair
Upside potential is huge with minor resistance at 27, and major resistance at 30/32 and 50 satoshi
NPXS failed to break and close above this resistance and was pushed back by the downtrend channel as shown. We saw a fake out on the 28th of feb which was pushed back inside the channel immediately.
NPXS has been accumulated heavily which is confirmed by the weekly and monthly chart, that show tremendous volume at the bottom.
We can now see a squeeze between the reistance line and the bullish rectangle, also a possibly upcomming supportline which collides at approx the same point.
We can now see a posible bullish rectangle forming, which by nature, is a continuation pattern. stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rectangle_continuation
Fundamentally, we can also see some activity for NPXS
- Staking starts 20th of march
- 11% monthly airdrop
- Attending money 20/20 Asia on the 21th of march
An entry at 15-16 satoshi would be perfect here, NPXS may not break below 15 satoshi or the rectangle is broken bearish
For easyer entry, see update below about NPXS/ETH pair
Upside potential is huge with minor resistance at 27, and major resistance at 30/32 and 50 satoshi
Note
We can also view the NPXS/ETH pair, it often gives us easyer entry and exit points because of the low sat nature (huge walls) of the BTC pair, making orders hard to fill. On the NPXS/ETH pair we can see a supportline and horizontal supportzone confluence at this exact point 
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
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.
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
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.