Hey friends, hope you are well and welcome to the update on Pundi x (NPXS) token. The previous idea produced more than 310% rally sofar.
Retesting Ichimoku cloud: Now after more than 310% rally the price action has broke out the Ichimoku bearish cloud resistance on long term weekly chart and now re-testing the previous resistance as support.
Simple moving averages: On the long term weekly chart, the price action of NPXS token has broken out the simple moving averages 25, 50 and, 100. And now re-testing 100 SMA as support.
Expected BAT: On the daily chart, if the price action breaks down the EMA 10 and 21 then it can complete another harmonic BAT pattern.
Bull flag: On the small time period 4-hour char, the price action has formed a bull flag. This is a wedge pattern and if the price action breaks out the resistance of this wedge then it can rally 74% more.
Conclusion: Even after the 310% bullish rally now the price action is re-testing the previous resistances as supports and not going to finish this rally.
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