Hello Traders. Hope everything is fine.
Today I want to share my thoughts on NPXS. As you can see in the 4H chart, price is moving in a upward channel and it has touched bottom and top
of the channel many times. There are 2 reasons that I think NPXS is going to touch the support area ( purple range ) :
1) Every time that it has touched top of the channel, price has corrected towards the bottom of the channel.
2) You can clearly see a negative divergence on rsi where NPXS has made higher highs but the indicator has made lower highs.
So in my opinion, you can make a short position here.
Entry : 0.0072$ Target : 0.0058$ ( purple range ) Stop loss : 0.0078$
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on NPXS and don`t forget to comment what you think. ✌
Today I want to share my thoughts on NPXS. As you can see in the 4H chart, price is moving in a upward channel and it has touched bottom and top
of the channel many times. There are 2 reasons that I think NPXS is going to touch the support area ( purple range ) :
1) Every time that it has touched top of the channel, price has corrected towards the bottom of the channel.
2) You can clearly see a negative divergence on rsi where NPXS has made higher highs but the indicator has made lower highs.
So in my opinion, you can make a short position here.
Entry : 0.0072$ Target : 0.0058$ ( purple range ) Stop loss : 0.0078$
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on NPXS and don`t forget to comment what you think. ✌
Trade closed manually:
It didn`t touch our target but it gave 10% profit.
