robbiegrass
Long

NPXS now or never - update from last analysis

BINANCE:NPXSBTC   Pundi X / Bitcoin
After our initial entry at 12 satoshi, we saw NPXS hit major resistance at 20 satoshi.
NPXS failed to break and close above this resistance and was pushed back by the downtrend channel as shown. We saw a fake out on the 28th of feb which was pushed back inside the channel immediately.
NPXS has been accumulated heavily which is confirmed by the weekly and monthly chart, that show tremendous volume at the bottom.
We can now see a squeeze between the reistance line and the bullish rectangle , also a possibly upcomming supportline which collides at approx the same point.

We can now see a posible bullish rectangle forming, which by nature, is a continuation pattern. https://stockcharts.com/school/doku.php?...

Fundamentally, we can also see some activity for NPXS
- Staking starts 20th of march
- 11% monthly airdrop
- Attending money 20/20 Asia on the 21th of march

An entry at 15-16 satoshi would be perfect here, NPXS may not break below 15 satoshi or the rectangle is broken bearish
For easyer entry, see update below about NPXS/ETH pair
Upside potential is huge with minor resistance at 27, and major resistance at 30/32 and 50 satoshi


Comment: We can also view the NPXS/ETH pair, it often gives us easyer entry and exit points because of the low sat nature (huge walls) of the BTC pair, making orders hard to fill. On the NPXS/ETH pair we can see a supportline and horizontal supportzone confluence at this exact point
It's coming out of the weak hands, that's why the resistance at 20....
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