$FX/BTC 1D (KuCoin) Descending wedge near breakoutFunction X regained 50MA support and could be forming a bull-pennant. Since it just got listed in Coinbase, bullish continuation is likely.
The f(x) ecosystem went main-net earlier this year and is fully decentralized, more information about that project from Pundi X Team on functionx.io
Current Price= 0.00001862
Buy Entry= 0.00001736 - 0.00001520
Take Profit= 0.00002499 | 0.00003318 | 0.00003954
Stop Loss= 0.00001046
Risk/Reward= 1:1.5 | 1:2.9 | 1:4
Expected Profit= +53.50% | +103.81% | +142.87%
Possible Loss= -35.75%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months
Npxs
PUNDIX | Falling Wedge Consolidation..!!
#PUNDIX (Update)
From last 6-Months, Consolidating in Falling Wedge Pattern..!!
In Case of Breakout, Midterm target Would be 2.10$
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
NPXS strong as never closer to mayor updatesIn the past patterns there was quite some harmony in there.
Price measured from bottom (0) to Top (A) with consolidation (B) and (C).
Most of the times consolidation (B) brought us to FIB 0.382 or 0.5, while the next breakout started from (C) on FIB-level 0.618 reaching as high as to FIB 2.618 of the former Cycle.
If this pattern repeats again, we could see 1.15 USDT right in time with the release of plenty upgrades and updates by the PundiX-team called "The token redenomination will commence on March 30, 2021"
Find out more: medium.com
Disclaimer: This is just an idea, no financial advice! Good luck
Pundi X Can Start Big Bull Run After This Extreme Bullish SignalThe SMAs:
On the daily time frame chart, the price action of Pundi X has first time broken out the 25 simple moving average and made an attempt to break out the 50 simple moving average as well. But it is rejected by the 50 simple moving average and now currently moving between the 25 and 50 simple moving averages.
Support and resistance levels:
There can be different support and resistance level seen on the daily time frame chart. After the strong bearish move, the price action of Pundi x has found a very strong support at $0.60. This $0.60 level is also key level support for the priceline. After getting bounced by the $0.60 the priceline has crossed up the next resistance of $1 and currently moving between the $1 and $1.30 supports and resistance levels.
EMAs:
On the daily time frame, the price action has also broken out the exponential moving averages with the time period of 10 and 21. At this time the priceline is retesting these EMAs as support. If the price action of Pundi x will be successful in retesting these EMAs as support, then these two exponential moving averages can work as very strong supports and lift candlesticks towards the upside very well.
Ichimoku cloud:
Now I would like to show you the Ichimoku cloud on the daily time frame chart. It can be clearly observed that the bearish cloud is getting weaker and the price action is getting closer to the bearish cloud. The conversion line has crossed up the baseline below the candlesticks that is a very good buying signal. The lagging span is crossing up the candlesticks. Now if the candlesticks will be able to cross up the bearish cloud then there can be a very long-term bullish rally started. Previously on the NPXS chart when the price of NPXS or old PundiX crossed up the bearish cloud on the weekly time frame. Then it surged more than 6000%. Now after crossing this bearish cloud on the daily time frame we can expect such rally again.
Conclusion:
Even though the price action has broken out the $1 resistance and the 25 simple moving average along with the exponential moving averages on the daily time frame. However, the long-term bullish rally depends on breaking out the bearish cloud on the daily time frame.
Do Not Sell Your Pundi X After This Fake OutHey friends hope you are well and welcome to the new update on the Pundi X
A Fake out:
The price action of Pundi X formed a symmetrical triangle on 4-hour chart and broke out the resistance. After breaking out it also re-tested the previous resistance of the triangle as support but could not close above the high of the breakout candlestick and moved down and even broke down the support of the triangle.
A new descending triangle formation:
After breaking down the symmetrical triangle the price action has found a support at $1.53. Now if we connect all the confluence points of resistance and support then a new descending triangle has been formed and target for this triangle can be $2 in case of breakout.
Different support and resistance levels:
After the drop of 19th may, the price action of Pundi X has found a new support at $1.53. The next resistance is at $2. The $2 can be the most strong resistance as it has been working as a strong support previously:
Different indicators:
On the 4-hourly chart the price action has moved below the Ichimoku bullish cloud now it can work as a resistance.
If we take a look at the Directional movement index then there is a sell signal appeared. Once it will give the bullish signal then we can expect another attempt for the powerful breakout.
Conclusion:
The price action has broken down the triangle but it was due to some market manipulation therefore the price action stopped at the next support. Now for any big move we should wait for the breakout from this newly formed triangle and the $2 resistance level.
PUNDIX HODL ! Hello there ;
PundiX The former NPXS could not collect volume after the split. The reason for this was that swap transactions did not occur in all exchanges during the transition period, and 2 coins and investors were formed in the market as both NPXS and PundiX. Recently, they have been trying to support the transitions in other exchanges and this process will necessarily increase the demands for PundiX. HODL can be added to the list of coins we will be adding, and many different figures may be encountered in the future.
We created a channel between 3.60 and 2.70. If there can be an exit from the channel, the rise can accelerate.
Reg.
Merhaba ;
PundiX Eski NPXS bölünme sonrası hacim toplayamadı . Bunun sebebi geçiş sürecinde bütün borsalarda swap işlemi gerçekleşmemesiydi piyasada hem NPXS olarak Hem PundiX olarak 2 coin ve yatırımcısı oluştu. Yakın tarihlerde geçişleri diğer borsalarda da desteklemeye çalışıyorlar ve bu süreç PundiX e olan talepleri zorunlu olarak arttıracaktır. HODL edeceğimiz coin listesine eklenebilir ileride çok farklı rakamlar ile karşılaşılabilir.
3,60 ile 2,70 arasında bir kanal oluşturduk. Kanaldan yukarıya çıkış olabilir ise yükseliş hızlanabilir.
YTD.
Syg.
🆓Pundi X (PUNDIX) May-05 #PUNDIX $PUNDIXPUNDIX is moving down to 2.5$ zone after losing the 3$ zone. The 2.5$ is an good opportunity for PUNDIX to make new rally up to 4.7$ zone in this May. But if it keep losing the 2.5$ zone, it may drop to 2$ or even 1.5$ zone
📈BUY
-Buy: 2.44-2.56$ if A. SL if B
-Buy: 2.93-3.07$ if A. SL if B
📉SELL
-Sell: 2.93-3.07$. SL if A
-Sell: 3.52-3.68$. SL if A
-Sell: 4.6-4.8$. SL if A
♻️BACKUP
-Sell: 2.44-2.56$ if B. SL if A
-Buy: 2.0-2.1$ if A. SL if B
-Buy: 1.4-1.5$ if A. SL if B
❓Details
🕯Timeframe : 8 Hours
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Pundi is getting ready for a jumpAs you see, Pundi is within wave 4 which is being formed by a expanded flat pattern. Usually wave 4 is ended near wave 3 or 4 of previous trend. So it seems it's the end of the wave 4 and it'll have a upward wave called wave 5. I think wave 5 has a truncation and it wouldn't reach the end of wave 3 because wave 3 is extended and wave 4 had a sharp correction. So be aware!
Pundi X[new] formed bullish Cypher for upto 18.5% moveHi dear friends, hope you are well and welcome to the new update on Pundi X (PUNDIX).
Previously we had a nice trade of PUNDIX on a very small time period 1-hour chart:
Now this time on a 4-hour time frame chart, the price action of PUNDIX has formed bullish Cypher pattern.
PUNDIX Playout 2Things are turning around, lets pray and hope it stays that way. We all know this is crypto anything can happen.
All my thoughts and analysis based on past price movements. *An attempt to predict future price movements*
I try my best to be as insightful as possible but I'm not a financial advisor and in no way claim to be. Crypto can be an unforgiving place with the prices movements, so please trade wisely and do your research and analysis then compare with mine and others if you wish.
I'm still bullish and I believe in the project
NPXSWETHsee and watch :)
The movements of the whales on this currency have increased and it has been technically improved and I think it can experience good growth ...
$NPXSUSD - Bullish flag continuationHello everyone!
Pundix USD chart formed a bullish flag. The pair is now testing the local dynamic resistance and wants to break out from it.
If Pundix doesn't close above this resistance it might drop to 0.56700 and then continue bullish.
Watch for resistances at 0.73540 and 0.77000. The mid-term target based on the bullish flag pattern is 0.92940
NPXS (Pundi X) Token Analysis 04/04/2021we have capitalized on two Stages...
we initially Bought Coins at this Stage:
we Added 100% more at this Stage and sold 25% at the 3 TP:
Fundamentals:
Pundi X is a leading developer of blockchain-powered devices with the aim of transforming retail businesses with its blockchain-based point of sale solution. The solution allows retail merchants and consumers to conduct instantaneous in-store transactions on its blockchain.
The blockchain solution was founded in 2017 and launched its ICO in January 2018 as the world's first point-of-sale solution. Following a successful ICO, Pundi X has successfully launched retailed focused services including XPOS, XWallet and XPASS as well as the world's first blockchain phone called BOB.
The company, which has its headquarters in Singapore, has shipped its XPOS solution and devices to over 25 markets including the United States, Spain, Argentina, Korea, Australia, Colombia, Spain and Taiwan.
The goal of the Pundi X project is to make cryptocurrency available to everyone. While other similar projects attempt to outperform the banking system, Pundi X looks to simplify transforming retail businesses to make this happen.
Pundi X has created a blockchain payment ecosystem with the XPOS, XPASS and the virtual XWallet. The XPOS is the world's first blockchain-powered wireless point-of-sale (POS) for cryptocurrencies.
Using the XPOS, 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 Pundi X (NPXS) are listed within the ecosystem.
The XWallet mobile app is the bridge between the regular digital asset wallets and the Pundi X payment ecosystem. Users can use the XWallet to easily manage their digital assets, make transfers, check balances, and top-up the supported cryptos in the XWallet. The virtual XPASS card is issued to every registered XWallet user.
In June 2019, Pundi X launched the Open Platform to support more blockchains. Since then, DeFi developers and projects have registered and uploaded their ERC20 tokens to the Pundi X ecosystem, increasing its use.
The Pundi X project was founded in 2017 by Zac Cheah and Pitt Huang. The pair met in an HTML5 Interest Group in 2012, and the single idea that created the startup was a way of making cryptocurrencies a part of the daily lives of everybody.
Zac Cheah currently serves as the CEO of Pundi X. Prior to his role at Pundi X, Zac was formerly the W3C Chair of the HTML5 Interest Group. Zac, a skilled programmer received his MS.c in Computing from the KTH Royal Institute of Technology, abbreviated KTH, Sweden, and M.Sc in cybersecurity from the Norwegian University of Science and Technology, Norway.
Pitt Huang currently serves as the chief technical officer and chief operating officer of Pundi X. Pitt who began coding at the age of 10. In his high school, he was already building space games.
He is also an avid entrepreneur and investor. At the age of 25, he had founded and sold his first Groupon-like company to Baizhu in 2008. He has started and sold several other businesses, including a 200 person company.
Like the native tokens of other payment-centered crypto platforms, the great majority of the Pundi X (NPXS) tokens have been issued. Other brokerage services that take this approach include Binance (BNB), Voyager Token (VGX) and ( Troy (TROY).
Pundi X initially launched with the PXS and PXSXEM tokens, the tokens were swapped for the NPXS tokens between March and September 2018. The swap rate was set at one PXS token for 1,000 NPXS.
The current circulating supply of NPXS tokens is set at 235,514,908,115 tokens, while the max supply is set at 258,526,640,301 NPXS. At the moment, 91 percent of the NPXS tokens there ever will have been issued. The NPXS tokens are non-minable, they are instead issued weekly as staking rewards.
Now NPXS is PUNDIX
every 1000 NPXS will be one PUNDIX
Technical analysis:
as we can see the Token has completed an Elliot cycle and now the Price is in the Linking Zone,
we may have some retracement in order to re accumulate and start its New Cycle.
we can see over cross on the MACD which is the sign of some price correction and retracement
we have defined 3 Targets by Fibonacci projection and 1TP also has confluences with Fibonacci Expansion
the 3 TP Gets Confirmation as soon as the 2 TP gets Triggered.
NPXSUSDT, needs a little time, Pundi XHello my friends, like always everything is clear on the chart for you. Totally the price is in the uptrend channel and now almost in the range area and we have to see which baseband will break. So keep it in your watchlist. Good luck.
By the way this coin has some good fundamental's news for future.
If its useful like it as a support please and follow me for next analysis :)
NPXSUSDT Price falling down? 🤔Hello Traders. Hope everything is fine.
Today I want to share my thoughts on NPXS. As you can see in the 4H chart, price is moving in a upward channel and it has touched bottom and top
of the channel many times. There are 2 reasons that I think NPXS is going to touch the support area ( purple range ) :
1) Every time that it has touched top of the channel, price has corrected towards the bottom of the channel.
2) You can clearly see a negative divergence on rsi where NPXS has made higher highs but the indicator has made lower highs.
So in my opinion, you can make a short position here.
Entry : 0.0072$ Target : 0.0058$ ( purple range ) Stop loss : 0.0078$
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on NPXS and don`t forget to comment what you think. ✌
NPXSUSDT Playout6All my thoughts and analysis based on past price movements. *An attempt to predict future price movements*
I try my best to be as insightful as possible but I'm not a financial advisor and in no way claim to be.
6TH APRIL (Staking reward announcements coming out on the 6th) If you're scared please zoom out go the the Daily.
LOOOL As I was maing this the price already started moving up :))) happy days
NPXS/USDT Bearish Analysis Update #NPXS TA update:-
#NPXS currently trading at $0.00746
And as per My TA NPXS breakdown and Looking bearish as this moment.
So I am expecting 3 Targets for Short positions.
Entry:- $0.007467-$0.007300
Targets:- $0.006/$0.00474/$0.00394
Stop Loss:- $0.008
🚨 This chart is only for those #NPXS holders who bought already and now sill wait for upside moment.
So book profit alert.
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
NPXS.USDT (Y21.P2.E2).Next stage
Hi Traders,
I hope you came on board with my previous post. After selling at the top area, we had a double top which I should have shorted. Wasn't thinking about it. It happens.
Now looking to either short due to the rising wedge breakout or to go long if it breaks the 0.5 fib level.
All the best,
S.SAri
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