robbiegrass
Long

NPXS finally looking to make a run

BINANCE:NPXSBTC   Pundi X / Bitcoin
Technical Analysis

Daily
- 14 EMA curling up for the first time since September 2018
- Daily RSI showing signs of strength
- Price looking to trade outside of the falling wedge soon
- Strong accumulation zone between 11-12 sats which made the price compress. No lower low was made since

4h
- 200 EMA has caught up to the price
- Short term EMA's (14/50) could possibly make a bullish across above long term EMA (200) which would result in bullish momentum
- 4h candles are starting to close above 200 EMA for the first time in a while

Fundamental Analysis
- The Xpundi team is launching a new token called f(x) soon. Most NPXS holders were thinking they would directly benefit from this release but this was not the original plan of Pundi which caused a selloff to 10 satoshi (capitulation).
- Because the community was not happy with the choises that the team made, the Xpundi team revisited their plan and now 65% of the new f(x) tokens are allocated between NPXS holders.

A sell-off/fud is often seen before the start of an uptrend, the news based sell-off would therefor be the perfect bottom.
Our advised buy in was at 11-12 satoshi as posted before on our twitter https://twitter.com/DTCcryptotrades/stat...
Important resistance zones are shown in the chart.

FA source:
https://medium.com/pundix/f-x-token-allo...
breakout?
Reply
@jarking, yes!
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