Pundix
PundiX: Back towards 4$ and Beyond ?Pundi X is very popular. And BTC is a little bit back on track. If btc manage to keep stable or rise towards 60K or even 70K. Alts are in for a nice Bull moment too.
PundiX made a token burn of /1000 where it seems to be recovered from. It went down from aroun 8$ to $2.10. And build up some heavy resistance points.
I made a little forecast. Pundi is currently retesting the 3.52 resistance. For the 4th time. If it fails again it will retest the 3.27 again.
This is a support that has been tested twice before and i believe it will hold for a 3th time.
I also think it will move along the up trend line. And it will break this resistance.
What will bring us to the 3.71 previous supp. now resistance. Which is also the 1st target. ( Blue text)
It probably will test the new support around 3.52.
And from there the first old support now resistance $4.125 will be tested and which will be our 2nd target.
From there the next fib sequence will be the 1.618 ( on $4.20 ) What will act as some resistance but will hopefully break and that brings us on the 4.45
And last target for this TA.
The Red line is a less bullish line. And also a trigger on which this TA will be totally invalid.
PUNDIX ideaThe 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 (PUNDIX) are listed within the ecosystem.
PUNDIX/USDT I am staying away for nowThe long term trend is bearish for the coin, it's in the new zone of price discovery . There are no heavy buyers observed in the Zone. I will defiantly stay away from it until it clears this zone. There is always the possibility of reversal but it's not showing the signs till now.
For now, until the cloud clears I am going to invest somewhere else :)
Best wishes, Let me know your thoughts on this.
Disclaimer:
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in the publication constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
PUNDI X MARKET ANALYSIS 18.4.2021Pundi X Providing a borderless payment ecosystem beyond fiat.
There are many reasons why people are now turning to digital currency. The most obvious use case is for transactions, but digital currency also plays a key role in promoting financial inclusion, overcoming foreign exchange issues, and even mitigating the instability of fiat currency.
People all over the world are eager to get their hands on our blockchain-based payment solution, the XPOS. Emerging markets want the XPOS to stabilize their payment ecosystem amid hyperinflation. Developed markets are partnering with us to digitize and modernize their payment infrastructure using our blockchain technology.
The XPOS devices are already live in 30+ markets globally, making digital currency transactions as easy as buying bottled water.
PUNDIX - Rise from a Low? Possible!So in this post I am looking at the token price from a fundamental perspective, rather than technical.
Ever since @PUNDIX has decided to transform/rebrand their token from NPSX to #PUNDIX, with a reduction of the total token amount from 258,498,693,019 to 258,526,640, it has been trading at a low - and I see that actually as a good opportunity.
PUNDIX is providing real products: Their #XPOS solution and devices are distributed in 30+ markets including the United States, Spain, Argentina, Korea, Australia, Colombia, Spain and Taiwan. They are constantly shipping/selling more devices and the demand is growing.
Their blockchain solution enables easy payments with the XPOS device. 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 PundiX (former NPXS) are listed within the ecosystem.
For a short technical analysis: In the chart you can see that a low around 3,58$ has been working as a support (this can also function as a Stop-Loss). Other following lows did not even touch that level (3,66$ and 3,67$).
My profit taking (PT) levels:
4,243$
4,541$
5,602$
6,805$
9,686$
Remember to set PT levels a bit lower, since 90% of the time first touches of levels get rejected, with price falling to a close support level, where you can re-accumulate.
In conclusion: With a lower total amount of tokens, real products with real value and increasing demand: You do the math :)
- This is no financial advice, so trade with care! -
For transparency reasons: As of yesterday I am invested in PUNDIX with 1/15 of my total portfolio size.
PUNDIX Playout 3I just want to project my gains... I've already lost, however I've spot traded this coin a lot and made so much from it. Honestly any price I sell at even if its $1 I'm still in profit as I've been in PUNDIX (NPXS) for a while now and but at some ridiculous prices.
This is a personal decision not financial advice.
Trade carefully... this is crypto anything can happen
Pundi - Lessons are on the chartLike many new people in the space buying Pundi X, Chiliz, Holo, Cardano, Terra, Btt: i warned them all to not buy coin who already had their cycle.
Some of them listened, some of them feeling the pain right now and panic sold.
PundixThis is for my nice follower!
Pundix is a bit hyped I think i know about old Pundix(up 2000 % today lmao). I think Pundix could recover but the project is very unspecial. Pundix old could go to old ATH but Pundix new is maybe a good buy because the low price. But it could run out because it got hyped very much at the launch and then dropped lower and lower like a hypecoin. I will make a post in a week again about Pundix!
Pundix to $3.33Pundix is moving down and a downtrend after the token swap, mostly visible there is just a large low limit order at the moment pulling it down and also its one of the several ALT where the money is moving towards BTC causing this down and before the swap the token was also overbought because of the hype that the coin would increase in value due to the tokens burning. However even with the tokens burned the limit orders still in control of the pricing holding it down.
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