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Pundixbtc

NPXS PUNDI/BTC A fellow TradingViewer asked me to do an analysis on NPXS PUNDI X so here's a simple overview. This coin is hard to call because taking a look at it since launch it has been in a constant downtrend. I don't know much about the fundamentals about this coin even though I made some nice profit off it back in January 2019 when there was a surge but that was me just being there at the right time and right place tbh. So looking at the daily chart, we can see that it's at an all-time low, and RSI levels show seriously undersold, however I feel like these ranges are worth buying in with the risk/reward ratio very high because last time it hit ATL, there was a decent bounce. If I wanted to play it safe however, I would keep my buying and selling within tight ranges. Even big volume breaks haven't been able to pull this coin out of its slump so that's concerning. Anyone looking to invest into this might want to look into the fundamentals and see what people are saying on NPXS's reddit/social pages because that would be a good indicator. The Moonphase indicator gives us an idea of the tight buying and selling ranges that I've mentioned. If these RSI levels don't hold, I am expecting a drop to the ATL levels before a bounce happens. Doesn't look like like any bullish divergences forming, at least not any solid ones. Reason I'm saying this is, if you look at the charts, you'll see there have been many 'false' indications, that is, it looked like some sort of bullish momentum forming only to fade away. Also, many a times there have been consolidations around a price range for this coin only to drop further. The same goes with similar coins such as DENT. Take a look at the overall picture. ChandeMomentum Oscillator shows overwhelmingly negative zone areas. If you add up the total area of the below zero line vs total area of the above zero line, it shows a very negative picture in the short and medium term at least. BUT, one silver lining might be how low the prices are right now. Currently trading between 0.00000007 and 0.00000009 ranges, how low can it go? As long as this is a legitimate project and there are investors, there is possibility of a big bounce. Again, I'm not sure about the fundamentals of this coin so people interested might want to look into this. Also, since we're coming out of the bear market and more money if flowing into altcoins in general, this might see a revival. After all, this coin dropped after the crypto bear-market began, so the valuations might be on point, but might have been affected by overall market sentiments. Would I buy this? Not without understanding the fundamentals and social-trend following. If I do, I'd put stop loss 1-2 sat below what I bought in. If I had more capital to risk, I might take more risks because all said and done, these are very, very low levels and the rewards can be pretty insane.
NLong
by rhasan1987
NPXS DROP BEFORE MOONNEXT 3 MONTHS SUPPOSE TO BE DISTRIBUTING THE REST OF THE TOKENS, THIS WILL DILUTE THE COINS IN WHICH WILL DROP THE PRICE, I DONT SEE THE DEMAND FOR THE TOKEN COMING IN THAT FAST FOR OVER 100 BILLION COINS COMING INTO CIRCULATION, ISNT GONNA HAPPEN, AFTER THE DROPS ARE FINISHED THERE WILL BE NO MORE ADDED COINS AVAILABLE TO PUT INTO CIRCULATION. WITH THAT SAID, THE POINT OF SALE DEVICE WILL ULTIMATELY SPREAD OUT AND MORE BUSINESSES USING IT WILL CAUSE MORE USERS IN RETURN MORE TRANSACTION FEES WILL OCCUR, ALL FEES ARE AUTOMATICALLY BURNED FOREVER WHICH WILL SLOWLY DECREASE THE SUPPLY AND MORE USE CASE WILL INCREASE DEMAND CAUSING PRICE TO RISE. LONG STORY SHORT...... WAIT WILL LAST AIRDROP TO BUY NPXS. SEE YOU ON THE MOON!!!!!
NLong
by Crypto_Gardener
5
NPXS HAS POSSIBLE INVERSE HEAD N SHOULDERS PATTERN GOING FOR ITPundi X, although undervalued in this market, similar thing can be mentioned about few other cryptocurrencies. Since it entered during largely bear market, we haven't had a chance to see what's it capable of. Payment system they are working on may provide us with some insight on where we will move in next few month, but in short term, besides massive accumulation we've seen, PundiX is also in possible Inverse Head N Shoulders pattern.
NLong
by crptonoob
1
There is a trading opportunity to buy in NPXETHTechnical analysis: . PUNDIX/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000454 to 0.00000374). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000454) Ending of entry zone (0.00000374) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000564 TP2= @ 0.00000639 TP3= @ 0.00000703 TP4= @ 0.00000848 TP5= @ 0.00001113 TP6= @ 0.00001293 TP7= Free
NLong
by ForecastCity
2