PUNDIX formed big bullish Gartley for upto 89.50% pumpHi friends, hope you are well and welcome to the new trade setup of PUNDIX with US Dollar pair.
On a 4-hour time frame, PUNDIX has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Pundixusdt
Pundi X (PUNDIX) - August 1Hello?
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(PUNDIXUSDT 1W Chart)
The key is whether it can be supported in the 0.772-0.910 section.
(1D chart)
Primary resistance: 0.841
Secondary resistance: 0.910-0.963
Support: 0.738-1.772
In order to continue the upward trend, it must rise above the HA-High indicator.
therefore,
- Maintain the price by rising above 0.963 as it is, or
- It should go down, causing the HA-High indicator to decline.
In order for the uptrend to continue, the horizontal line of the HA-Low indicator must be longer than that of the HA-High indicator.
It is expected to swing up and down to reverse the trend in the current flow.
If the price holds above 0.578, I think it is likely to lead to further gains.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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PUNDIX UP 153% after bullish signal 🚀🚀🚀PUNDIX pumped 153% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background). Forming leg C of the Elliot Wave (blue lines).
PUNDIX broke out of the bullish Zone of the Ichimoku Cloud , which is bullish . The RSI is in the overbought zone at 84. RSI Brown at 123. Which is clearly overbought If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish , as it is pointing downwards. Currently PUNDIX is way above its upper Bollinger Band , Band Basis 20 Period SMA . A retrace back within the Bollinger Band is more likely. The risk to reward right now to enter a trade is bad.
After a retrace PUNDIX might possibly go up for another run, before forming bearish divergence. Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
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..
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Thanks for Your Love & Support..!!
PUNDIXUSDT: Just like Bitcoin (Requested by JCLARK87)Analysis is the same as my earlier BTCUSD post.
We will have to see how wave B plays out.
We shall evaluate again after its completion.
There are lots of variations to pullback but as long as it is a pullback, it means it will still go higher.
If it changes course to become another 12345 impulse wave, then the story changes.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Pundi X[new] broke out the triangle a good long opportunityDear friends, the Pundi X has broken out the triangle on 4-hour chart, as the price action has re-tested the resistance of triangle as support and confirmed the breakout.
Sell targets:
The technical sell target as per the symmetrical triangle for this trade is $2.
Stop loss:
Stop loss is $1.60 as it is the recent swing low before the breakout.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade