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PUNDIX / Tether PERPETUAL FUTURES

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PUNDIXUSDT.P trade ideas

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.
Long
by moon333
1
Pundi X completing bullish Shark for upto 26.5% moveHi, dear friends, hope you are well and welcome to the new update on Pundi X token. On the 4-hourly chart, the price action of Pundi X is forming the bullish Shark pattern. Buying and sell targets for Shark move: Buy between: $1.31 to $1.23 Sell between: 1.39 to $1.557 Stop loss: The maximum extent of potential reversal zone at 1.13 Fib level can be used as stop-loss which is $1.23. Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 26.5%, and a loss possibility of up to 7%. 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.
Long
by moon333
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.
by moon333
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
Long
by moon333
1