1. 20 and 50 MA crossover repetition and based on the previous trend, it is likely to be bearish. 2. The bigger circle pattern seems repetitive as well and if it true, it is most likely going to form the double bottom. The previous low was at 266 sats (3.168 fib level) and we are at 400 sats, currently. 3. In continuation of the previous step, the last time, it came down almost 50% approx, however, that would be at 200 sats approx which could be possible via a quick wick, stop-loss hunt.
Almost after a month, NPXS touched the expected target of 262 eth sats. Since, this is not a stop loss hunt and a genuine downtrend, it is likely to go lower between 200 and 225 eth sats.
Let's see how it plays out! Good Luck :)
genesislord
⋅
Ready to make a move....
sumnghtradeup
⋅
@genesislord, I am not an expert but it seems like it should tank but based on the fear when ETH starts selling off.
Let's see how it plays out! Good Luck :)