PIXFI — Next Stop 1 Cent, Final Destination 0.006At the beginning of August, PIXFI showed some signs of life and tried to break its downtrend. However, all attempts to reclaim the support level at 0.023 were unsuccessful.
Conversely, PIXFI has continued its downhill rally and lost another 50% compared to the early August levels. Since its initial pump, PIXFI is down more than 90%.
However, currently, there are no (absolutely no) signs of a reversal or bottom. Therefore, it is likely that PIXFI will continue to fall towards the psychological 1 cent level. At this level, we might see some buying pressure. However, based on the performance during the last weeks and the current market situation, I don't expect this level to hold.
Subsequently, the initial level of 0.006 comes into play.
PIXFIUSDT trade ideas
PIXFI — Ready For Another 19% Drop!Since its launch on Bitget and a short-lived pump, Pixfi has dumped more than 70%. Every level that acted as some support was broken rather quickly.
On Sunday, there was some glimmer of hope when the token pumped more than 30% in a few hours. However, the price reversed immediately. Afterward, Pixfi printed a bearish pattern, and it is back at its support level.
Based on the previous performance and the overall bearish market, it is likely that Pixfi will break this support level soon. As a result, the token might drop another 19% to its next lower level.
Therefore, I remain cautious and would touch the token.
PIXFI — Bottomed And Ready For A Reversal?After six days of trading, Pixfi has finally bottomed and tried to reverse. Here are the details:
➡️ Pixfi found support at the level slightly below 0.04. At least on the 1H and 4H charts, this level was tested twice (shown as 1 and 2 in the chart), and it bounced both times. Therefore, it is likely that this area will act as an essential level in the future.
➡️ Additionally, Pixfi broke out of its strong downtrend (shown as 3 in the chart). This was essential since Pixfi has been rejected at this level several times in the last few days. Moreover, at least on the 1H chart, it re-tested the break out successfully — a further (vital) sign of reversal.
🔍 What's Next
Most importantly, Pixfi has to confirm the outbreak on the daily chart. A positive confirmation can lead to more bullish momentum. Nevertheless, I consider the risk too high in terms of trading due to the lack of historical data.
BITGET:PIXFIUSDT
PIXFI — This Is Getting NastyAfter PIXFI broke through the support at 0.06, it had no time to lose and quickly approached the next support at 0.04. Unfortunately, this level didn’t hold, either.
Overall, Pixfi is down more than 30% today and more than 60% since the start of its descent.
In addition, there are currently no signs of a reversal. If 0.03 doesn’t hold either, we might quickly approach 0.01.
Therefore, I wouldn’t touch this token at the moment.
Pixelverse(PIXFI) is Ready to PUMP==>>+30%Hi everyone, I hope you have a great weekend.
Finally, the Pixelverse project's Telegram game token(PIXFI) was listed in several reputable exchanges about three days ago and experienced an almost +450% increase (it was a good start).
Let's take a look at the PIXFI token chart .
PIXFI managed to break the Resistance zone and the Downtrend line .
According to the Elliott wave theory , this 450% increase in PIXFI Token has been dominant in 5 impulsive waves and is currently completing corrective waves .
From the point of view of Classical Technical Analysis , forming an Inverse Head and Shoulders Pattern is possible, and it can be a sign of an increase in the PIXFI token .
Considering that the PIXFI token broke the Downtrend line , I expect the PIXFI to have at least a +30% price increase .
Pixelverse(PIXFI) Analyze (PIXFIUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
PIXFI Update — Bearish MomentumgJust yesterday, we discussed the upcoming decisive moment for PIXFI, when the downtrend meets the support line.
Chances were 50/50 to see a big move to the up- or downside. Well, PIXFI decided to choose the latter. It crashed through the support and dipped almost 15%.
Moreover, PIXFI was rejected when attempting to climb back above the previous support line—actually, this is something you don't want to see.
As a result, the short-term outlook is rather bearish. To invalidate the bearish outlook, PIXFI must reconquer the support line.
BITGET:PIXFIUSDT
PIXFI — Getting Ready For A Bigger Move!Analyzing freshly launched tokens is always challenging due to the lack of historical data and missing patterns. As a result, analyses might not be perfectly accurate. On top of that, new tokens require analysis of lower timeframes, which naturally have a lower quality.
Nevertheless, when looking at PIXFI's 1H chart, we can derive a couple of assumptions:
1️⃣ 0.06 Is Our Support Zone: Since Friday, PIXFI has touched the level of 0.06 several times — always with the same result: A strong bounce. Therefore, this is a crucial level to watch. If PIXFI invalidates the support line, we may see more downside momentum.
2️⃣ Clear Downtrend: PIXFI trades in a clear downtrend. So far, all attempts to breakout have been rejected.
3️⃣ Downtrend meets Support: Here's the spicy part: The downtrend line will cross the 0.06 support line on Sunday at about 8 PM UTC. As a result, this could be a decisive moment. We will likely see a break of the downtrend, a bigger pump, or a break of the support, a bigger dump.
Fingers crossed!
Don't Chase Green Candles!I had a couple of requests today asking if it makes sense to buy Pixfi.
The answer is simple:
If you want to invest and hold long-term, you can go ahead and buy Pixfi. Even if the price declines in the short term, you should be good in the long run since you bought that early.
If you want to trade, I would definitely NOT buy Pixfi now. Here's why 👇
Pixfi is already up almost 200% today. That's a massive gain! And even if the token has the potential to go much higher, the risk of a correction is enormous.
One golden trading rule is "never chase green candles"—wait for a correction and enter then.
Don't FOMO — even if the price pumps another 30%. The risk of buying the high is much higher than the potential reward.
Summarized: My approach to trading is to reduce risks. Therefore, I consider the risk of entering a token that has pumped almost 200% way too high. It's much better to wait for a correction and then enter it.
