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PUNDIX / USDT Spot Trading Pair

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PUNDIXUSDT trade ideas

Pundi X Long-Term Accumulation Zone & All-Time Low (657% Target)Pundi X is trading within an accumulation zone that is now more than 2.5 years old... I hope this day is treating you well... Let's go straight to the analysis. ➖ PUNDI X vs Tether (USDT) While a new All-Time Low has been hit recently, it is only a technicality. The ATL that was hit recently, in July 2024, is the same level that PUNDIXUSDT tested in May 2022, June 2022, November 2022 and December 2022; In June, August and September 2023, and recently in August 2024. As you can see, this is a very strong support level because all of the time it has been tested it continues to hold. The ATL in July 2024 happened on a wick, the session close was much, much higher. In fact, the close was higher than all the mentioned lows since June 2022. This all translates into "long-term consolidation" or, we can call it a "long-term accumulation zone." Each time there is strong sellers into support, buyers are ready and waiting to buy everything up. That is why all the candles near this level has a long lower wick (strong buying). The fact that this zone has been active and valid for so long opens the door for massive growth in 2025. More than two years of consolidation is a very long time in Cryptocurrency terms, and this gives strength to the buyers for the next bullish market phase. We are looking at 468% to 657% potential for growth as shown on the chart, if we get a weak or medium-sized wave. There is potential for a new All-Time High also. Anything can happen... to the upside. Remain open to, "it all turned out better than expected." Thank you for reading. Namaste.
Long
by AlanSantana
1
PUTechnical Analysis of PUNDI X Breaking Trendline Overview The provided chart depicts the price action of PUNDI X (PUNDIX), highlighting a significant trendline break. The chart includes various technical indicators such as moving averages and Fibonacci retracement levels, which will be utilized in this analysis to understand the implications of the trendline break. Trendline Analysis Trendline Break: The chart shows a clear upward trendline that has been respected multiple times in the past. Recently, PUNDIX has broken above this trendline, which could signal a potential bullish reversal or continuation of an upward trend. Volume: Observing the volume during the breakout is crucial. An increase in volume during the trendline break typically confirms the strength of the breakout. Moving Averages 200-day Moving Average (Blue Line): The price has crossed above the 200-day moving average, which is a significant bullish signal indicating long-term trend reversal. 50-day Moving Average (Green Line): The price is currently above the 50-day moving average, supporting the bullish momentum. 20-day Moving Average (Red Line): The price is also above the 20-day moving average, indicating short-term bullish strength. Fibonacci Retracement Levels The Fibonacci retracement levels plotted on the chart are essential for identifying potential support and resistance levels: 0.382 Level (0.4505): The price has surpassed the 38.2% retracement level, often seen as a strong bullish indicator. 0.5 Level (0.4691): The next resistance level, as indicated by the 50% retracement, will be critical in determining if the price can sustain its upward momentum. 0.618 Level (0.4877): Further resistance at the 61.8% retracement level. A break above this level would be a strong bullish signal. 0.786 Level (0.5142) and 1.0 Level (0.5480): These levels provide additional resistance points to watch. Candlestick Patterns Recent Candlesticks: The recent candlesticks show a strong bullish trend with long green bodies, indicating strong buying pressure. This further supports the validity of the trendline break. Potential Scenarios Bullish Scenario: If the price can maintain above the broken trendline and surpass key Fibonacci levels (0.5 and 0.618), we could see continued upward movement towards 0.5142 and beyond. Bearish Scenario: If the price fails to hold above the trendline and falls below the 0.382 retracement level, it could retest lower support levels, potentially around the 0.236 level (0.4275) or the previous lows. Neutral Scenario: The price may consolidate around the current levels, oscillating between the 0.382 and 0.5 Fibonacci levels before making a decisive move. Conclusion The break of the trendline in the PUNDIX chart, combined with the supportive moving averages and bullish candlestick patterns, suggests a potential bullish continuation. However, monitoring the key Fibonacci retracement levels and volume will be crucial in confirming the strength and sustainability of this breakout.
Long
by Aroundthesun
LONG PUNDIX BREAK-OUT 'Pundi X is open-source and has public and open specifications, utilizing a mobile contactless point-of-sale terminal called the XPOS to enable the use of cryptocurrency in retail. PUNDIX is the ecosystem's utility token and powers the network while supporting its economy' *FOR SHORT TERM On the 3D chart, after consolidating for some time, we can see that PUNDIX finally broke out and seems to want to continue the uptrend. '*GOOD POTENTIAL ALSO FOR LONG, LONG TERM 💰... As a personal experience, I have known about this project since the beginning of 2018, and it is one of my favorite coins that I accumulate and have patience with. Pundix made 20x in June 2018 when it was listed on Binance. And 50x in January-March at the beginning of the 2021 bull market How will PUNDIX surprise us in 2024-2025? Time will tell. Good Luck. #NFA #DYOR
Long
by PeruvianSwingTrader
PUNDIX/USDT Main trend. Channel. Triangle. 21 10 2023Major trend. This idea is a continuation of a closed idea on this pampa coin published 1.5 years ago before a series of significant pumping (in a bear market) in the process of forming a channel with a wide range. PUNDIX/USDT Major trend. Downtrend channel. Pivot zone The main trend is a descending channel. Now the volatility is narrowing under the descending trend line, and a descending triangle is forming. The reversal zone. The denouement in the near future. The descending triangle itself is a bearish formation, but at the moment it has formed at -91% of the price highs (liquid high zone, not listing) and under the descending trend channel. This is a positive sign. It is important to hold the "level" of 0.3181. It is worth noting that due to low liquidity, all price movements have a huge percentage. Stops on such coins due to price slippage (low liquidity) are useless, even with a large step (irrational). It is preferable to work from the average set/reset price with a pre-allocated position according to your risk management. The exception is protecting profits or entering a trade with stop loss after they are knocked out (very hard to catch in time). 1) Breaking a downtrend under a pamp alts - trend reversal. Significant Pump. 2) Breakdown of descending triangle support - dump, descending triangle targets. Line chart. Locally given large triangle in its final phase of formation.
by SpartaBTC
8
PUNDIX/USDT A successful break the key resistance will bullish!💎 Paradisers, #PUNDIX has recently exhibited significant market dynamics. Currently, PUNDIX is attempting to move upward and break out of the key resistance area. 💎 However, it has faced rejection multiple times in the past when trying to break out. If PUNDIX successfully breaks above the resistance area this time, it could potentially continue its upward movement and reach our target area at the strong resistance level. 💎 On the other hand, if PUNDIX fails to break out of the resistance area once again, there is a possibility of it retracing back to the support area around $0.76 to gather momentum for another attempt. 💎 At the support area, it is crucial for PUNDIX to bounce and resume its upward movement in order to make another breakout attempt. However, if PUNDIX breaks below the support, it could confirm a bearish trend continuation, leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
PundiX Rally Alert: Your l to Buy and Prosper!**Technical Analysis Chart Disclaimer:** The charts provided on this platform are intended solely for educational and informational purposes regarding technical analysis in trading. It is crucial to understand that trading involves significant risks, including the potential loss of funds. Technical analysis, while a valuable tool, does not guarantee success in trading. Users are advised to exercise caution and conduct thorough research before making any trading decisions based on the information provided in these charts. Past performance is not indicative of future results. The analysis presented here may be subjective and speculative, and should not be considered as financial advice. **Crypto Trading Disclaimer:** Trading cryptocurrencies carries inherent risks due to their volatile nature and speculative market behavior. Prices of cryptocurrencies can fluctuate rapidly and unpredictably, leading to potential financial losses. It is important to recognize that the crypto market operates 24/7 and may experience sudden price movements influenced by various factors, including regulatory changes, market sentiment, and technological developments. Investors should carefully assess their risk tolerance and financial situation before engaging in crypto trading. The information provided in these charts is not intended as financial advice and should not be construed as such. Users are encouraged to consult with a qualified financial advisor before making any investment decisions in the cryptocurrency market. By accessing and using these charts, users acknowledge and accept the risks associated with trading and agree to use the information provided at their own discretion and risk. The creators of these charts shall not be held liable for any losses incurred as a result of reliance on the information presented herein. **Technical Analysis Chart Disclaimer:** The charts provided are for informational purposes only and should not be considered as financial advice. Trading in cryptocurrencies involves substantial risk, including the risk of losing your entire investment. Technical analysis is based on historical price movements and patterns, and past performance is not indicative of future results. Any decisions made based on these charts are solely at your own risk. It's crucial to conduct thorough research and seek advice from a qualified financial professional before making any investment decisions.
Long
by MoonTradingForecast
PUNDIX/USDT in a Perfect Position to Rally? 👀🚀PUNDIX Analysis💎Paradisers, turn your attention on #PUNDIXUSDT, as the current indicators point towards a potential bullish resurgence from a key support zone. 💎In our latest analysis of #PundiX's market behavior, we've observed a 36% retracement from its recent high. Nonetheless, the steadfastness at the $0.529 support level suggests a potential for upward movement. 💎While challenges in surpassing previous highs or breaking past records have led to a short-term bearish sentiment, the $0.529 threshold remains critical for #PUNDIX. This level is on the verge of initiating a significant bullish wave with further assessment. 💎Being strategic in our trading approach means having a Plan B. Should #PUNDIX's strength at this support wane and it descends further, we're set for a bullish recovery starting from the next support at $0.437. It's important to note, however, that a breach below this marker could indicate the onset of a deeper bearish phase. 💎Keep your trading strategies flexible and your eye on the market, Paradisers. Your ParadiseTeam is closely monitoring, poised to steer you through these evolving market conditions.
Long
by MyCryptoParadise_Simon
PUNDIX/USDT Gearing for a Bullish Leap? 👀🚀PUNDIX Analysis💎Paradisers, let's take a closer look at #PUNDIXUSDT, as the current trend suggests a strong possibility for a bullish recovery from its important support zone. 💎Examining #PundiX's recent market trends, we've noticed a steady 33% decrease from its latest peak. Yet, its resilience at the support level of $0.365 indicates the likelihood of an upward trajectory. 💎Despite difficulties in reaching new highs or breaking through past levels, which has contributed to a temporary bearish outlook, the $0.365 mark is pivotal for #PUNDIX. This level could be the catalyst for a significant bullish movement upon another test. 💎As strategic traders, we're always prepared with an alternative plan. If #PUNDIX weakens at this support and drops further, we're aiming for a bullish resurgence from a secondary support level at $0.313. However, be aware, falling below this level might point to more pronounced bearish trends. 💎Stay versatile with your trading strategies and keen on the market's pulse, Paradisers. Your ParadiseTeam is diligently observing, ready to provide guidance through these market shifts.
Long
by MyCryptoParadise_Simon
2
Pundixusdt Buy opportunityPundixusdt has experienced a significant breakout from a bearish descending triangle structure, accompanied by substantial volume moving in the upward direction. The plan is to accumulate it towards the BOS (Breakout Support) zone and follow the predetermined targets as indicated on the chart. The profit target level is expected to be the immediate zone that the price will visit after the pullback. Your engagement with this post is greatly appreciated. Thank you.
by weslad
2