Hey friends, hope you are well and welcome to the new update on Pundi X.
The price action of NPXS is forming different harmonic moves with continuity. 1st it formed a bullish Shark on 2-day chart and produced more than 60% profit rally.
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Then on the daily chart, it formed a BAT move that I also showed in my previous post. And so far it has produced more than a 17% move.
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At this time on the daily chart, the priceline is breaking out the 200 SMA resistance. And after this breakout, we can expect a golden cross between 50 simple moving average and 200 SMA.
In the meanwhile, the price action of the NPXS token is also breaking out the resistance of an up channel on the daily time frame chart. The volume profile of the complete channel is showing less interest of the traders below half of this channel and from the upside, it is showing interest of the traders even above the resistance. This is a very strong signal indicating for break out soon.
At the same time if we switch on the smaller time period chart with 4 hours then a price level resistance can be found at $0.0001700.
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Conclusion:
At the same time, the priceline of Pundi X is breaking out the 200 SMA and the resistance of the channel on the daily chart. And almost broke out the price level resistance at $0.0001700. Once these breakouts will be finalized we may see that the NPXS join the BTC rally as well. And it can become one of the top alts among 200 cryptocurrencies and tokens to join this rally.
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