NPX - My take on this shitcoin :)

BINANCE:NPXSBTC   Pundi X / Bitcoin
Thanks to @Cryptobullet for bringing this idea to life :)

I made my own analysis and conclusion is , I don't see this coin "moon", however I do see a small relif rally occur that can be profitable.
This can be a good gamble with a small-sized high-leveraged position (lose little gain much).

Volume has been drying up in the falling wedge pattern, as we get closer to the apex I'm sure we will see some kind of reaction to the upside unless this coin really goes to 0.
I have no clue about the fundamentals and/or the project it self and this soley based on the chart and what I see.

NPXS is converging on the RSI and has formed a higher baseline on the RSI while the price has continued to decline.

Times looks grim for this coin and i think it will be stagnated after we get rejected at the potential upside limitations (see my targets - 4 possible trade setups, can be used for trailing SL).
This will probably will go sideways after the profits have been locked in - until something big happens withing the project.

Good luck!
Comment: After spending 4 days at 4 sats price moved up to -5 sats volume is still declining.
I will only open a long once we reach 7 sats.
Comment: Another re-test of 5 sat level, let's see if it can go to 6 sats :)
Without a BTC dominance correction and big volume it's not happening. Maybe this fall into winter perhaps, but right now this is a no buy for traders.
Decrypt0 stevehoos
@stevehoos, it can be a sleeper, thats why i set buy at 7 sats, you only need to risk a little to gain much. probably wont happen anytime soon maybe next year who knows
NPXS is not this coin
Decrypt0 betoarisi
@betoarisi, ? This is NPXS.
+1 Reply
Decrypt0 Decrypt0
I made a typo in title - Should say NPXS not simply NPX.
betoarisi Decrypt0
@Decrypt0, Sorry, I forgot to put a question mark. Now it's clear. Thanks for share.
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