PorsTrade

Its time to accumulate as many #NPXS as possible before it goes

Long
PorsTrade Updated   
BINANCE:NPXSUSD   None
Fundementals about why I enter this trade for long term

Raised a total of $30.5MM across private sale, public pre-sale, and public sales which began in Oct 2017 and were finalized in Jan 2018, selling 20% of the total token supply
Shipped first 5,000+ XPOS units globally in Sep 2018
Provided PoS systems in Sep 2018 to support ULTRA Taiwan as the first major outdoor music festival (30,000+ attendees) to accept crypto payments

Token unlock will be accelerated. Announcement and details will be released on February 11, 2019. They plan to start the accelerated token unlock program in March 2019 and the distribution will be made in April 2019. The remaining token unlock will be completed before the end of Q3 2019.

XWallet is giving away $100,000 in Bitcoin/ETH/NPXS.

Function X and the future of mobile technology at Mobile World Congress 2019 is coming on Feb 25! The PundiX team will present the latest development of Function X blockchain and unveil more details about XPhone.
It’s the world’s biggest mobile show, bringing together the newest technology and ideas from every aspect of the international mobile technologies industry.
And at this year’s MWC Barcelona Pundi X will be discussing the different ways in which blockchain technology is changing the way people communicate, work and play while showcasing new features for Function X and its use in the XPhone.

CEO and Co-founder, Zac has been invited to be a speaker at the prestigious MWC Ministerial Programme, which brings together the most influential policy makers, lawmakers, telco leaders, CEOs and data protection authorities to discuss future-shaping technologies and their impact on the future of the global industry.

As a hardware project, Pundi X has a dual community / commercial growth strategy that involves expanding XPOS distribution partner networks and growing global user bases that are interested in purchasing retail goods using crypto assets. Pundi X must secure key commercial partnerships that can provide the necessary distribution channels for the XPOS devices to drive both near and long-term adoption and achieve the 100,000 rollout by 2020. Most recently, Pundi X has secured orders for the distribution of 5,000 XPOS devices globally as an initial step in this growth strategy. These deals must be replicated with major distribution players in key markets to further build the network and deliver value to merchants and consumers.
5,000 XPOS devices have begun shipping globally across Asia, Europe and South America. Distributors and partners include: BitCapital (Brazil), Manticora (Colombia), UTRUST (Switzerland), Ebooc (Dubai), and ULTRA (Taiwan).
Additionally, tens of thousands of XPASS cards were distributed in Sep 2018 at events such as ULTRA Taiwan, Consensus Singapore, and AMCHAM Korea.


TA:
1.PundiX is clearly forming a walling wegde pattern in npxs\usd chart
2. Stock RSI on 12Hours trying to cross back form bottom, might fall a little bit more before the cross can be done.
3.Regular RSI showing support of the trend from november 2018.
4.Currently have support on 21days and 100 days ema on 12 hours, witch meens it have strong support around this levels, so therefor its time to accumulate for the long run. -Should soon attempt to try 200 ema..

-EasyXcommunity believe that sharing knowledge and learning from each other is the strength of success.
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The chart is forming a symmetrical triangle inside the falling wedge.

A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.

Traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a fakeout. Symmetrical triangles tend to be continuation break patterns, meaning that they tend to break in the direction of the initial move before the triangle formed. For example, if an uptrend precedes a symmetrical triangle, traders would expect the price to break to the upside.
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Today PundiX released the news about token unlock will be accelerated, I therefor think the price will start to move upwards again from this point and we might not see the price as low as this ever again on npxs.

To better comply with ever-changing regulatory requirements, The legal team has advised the company to release the remaining unlocked tokens, starting from April 1, 2019, and to complete the program early by the end of June, 2019.

Given the shortened period, they will increase the unlocked-token rate over the next three months. Please note that the total distributed amount of the tokens will remain the same as stated in the whitepaper.

Distribution dates
The remaining unlocked tokens will be distributed in the first week of April, May, and June. There will be no more monthly token unlocks thereafter.

Here is the example. Assume you own 10,000 NPXS in February 2019 and hold till June 1, 2019 without buying and selling. You will get 212 unlocked tokens in March (2.11637%) and then 1,129 unlocked tokens in April (11.064%), 1,255 unlocked tokens in May (11.064%), 1,394 unlocked tokens in June (11.064%). See the chart below on how the numbers are calculated.
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TA: The chart might form a cup and handle pattern here, I think the whales want to push the price down one more time to get a few more coins before the 11% airdrops start next month.

If we look at the STOCK RSI its in a very high arena and should go down again soon, but as we also can see is that the regular RSI has a lot more room to grow, therefor I think the cup and handle patter will play out here.

This coin cant fall so much more, so as the title says it time to accumulate.

no finance advice, this is only what i think :)
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Comment:
3 signs why I am bullish on NPXS long term now:

1: Bullish divergence

A bullish divergence on bigger timeframes is defined as a new price bottom that has not been confirmed by a new indicator low. It signifies that the prevailing trend is weak, and is ready for reversal.

2: Falling wegde

Falling wegde patter indicates that the downtrend is losing steam and strength, as the text says in the chart.

3: Last chart pattern that forms out is the Ascending Triangle:

The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
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