}
Hey friends, hope you are well and welcome to the update on the Pundi x (NPXS) token.
The previous idea produced more than 310% rally so far.
The previous idea before execution:
Previous idea after more than 310% rally
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Retesting Ichimoku cloud:
Now after more than 310% rally, the price action has broken out the Ichimoku bearish cloud resistance on long-term weekly chart and now re-testing the previous resistance as support.
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Simple moving averages:
On the long term weekly chart, the price action of NPXS token has broken out the simple moving averages 25, 50 and, 100. And now re-testing 100 SMA as support.
Expected BAT:
On the daily chart, if the price action breaks down the EMA 10 and 21 then it can complete another harmonic BAT pattern.
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For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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Bull flag:
On the small-time period 4-hour char, the price action has formed a bull flag . This is a wedge pattern and if the price action breaks out the resistance of this wedge then it can rally 74% more.
Conclusion:
Even after the 310% bullish rally now the price action is re-testing the previous resistances as supports and not going to finish this rally.
