You are lying to yourself if you think every crypto can be analysed with same kind of pattern.
Every chart needs a different way to analyse it.
I call this the "Interval line" analysis.
I have done two previous anlysis, and they have not been disappointing. You can check my profile and look at them yourself.
What sets NPXS or Pundi X apart from other two cryptos I have analysed is that it takes a certain timeframe for it to grow, whether it grows long or short is highly dependent on how the trend looks at the end of the time frame, not in between the time frames but at the very end of its cycle of every time frame.
These "time frames" drawn in red, with a causion sign /!\ in yellow color usually takes a period of 57 hours to complete.
At this 57 hours of time, the following trend is determined whether the 57 trend line has broken past resistance or not. If it does, it would most likely go up.
If at the end of this 57 hours timeframe, the trend line stay at support level, it will most likely break down from support level to the lower support levels.
It does not work well when the coin hits all time highs, thats why I was not able to put this "time inverval once the coin has reached an ATM.
After you have read my explanation, look at my chart and lines, it will start to make sense to you.
Also, this "time frame" starts at the end of trend cycle.
This is, when the trend has finished and starts to go other way on the next candle.
Analysis was done in 1 hour time frame chart, so if you want all this to make sense to you, you MUST use the 1 hours time frame for precision of my analysis.
Now that we are on the same page, lets look at the chart going through our latest 57 hours of time frame interval.
I know this is a long post, I appreciate you reading this far. If you skipped all of my explanation, please leave now as it won't make sense to you at all.
So, as we look at the latest 57 hours time frame, we ought to see the coin maintain a trend following the resistance line just above it.
By 28th of Febuary, at or around 10am (my time), which is the big vertical line in the chart, is where this coin will either break its resistance to move in uptrend.
If it does not, it will drop down to its lower support level and the next 57 hours of time frame will begin until the next "big" movement.
I will repeat myself here incase you forgot, it does not matter whether the trend line breaks resistance or goes lower than its support level, the ONLY thing that matters is where price is, AT the END of the 57 hours cycle.
If you made it this far, and everything made sense to you.
I love you.
Show me your support by leaving a like or a comment and follow me for more analysis.
I am new to all of this. My last two ideas went very well so I'm making this one. If this idea is also right, I will move on to next coin. Perhaps the all time favourite BTC?
Comment which coin you would like me to analyse next.
<3
Every chart needs a different way to analyse it.
I call this the "Interval line" analysis.
I have done two previous anlysis, and they have not been disappointing. You can check my profile and look at them yourself.
What sets NPXS or Pundi X apart from other two cryptos I have analysed is that it takes a certain timeframe for it to grow, whether it grows long or short is highly dependent on how the trend looks at the end of the time frame, not in between the time frames but at the very end of its cycle of every time frame.
These "time frames" drawn in red, with a causion sign /!\ in yellow color usually takes a period of 57 hours to complete.
At this 57 hours of time, the following trend is determined whether the 57 trend line has broken past resistance or not. If it does, it would most likely go up.
If at the end of this 57 hours timeframe, the trend line stay at support level, it will most likely break down from support level to the lower support levels.
It does not work well when the coin hits all time highs, thats why I was not able to put this "time inverval once the coin has reached an ATM.
After you have read my explanation, look at my chart and lines, it will start to make sense to you.
Also, this "time frame" starts at the end of trend cycle.
This is, when the trend has finished and starts to go other way on the next candle.
Analysis was done in 1 hour time frame chart, so if you want all this to make sense to you, you MUST use the 1 hours time frame for precision of my analysis.
Now that we are on the same page, lets look at the chart going through our latest 57 hours of time frame interval.
I know this is a long post, I appreciate you reading this far. If you skipped all of my explanation, please leave now as it won't make sense to you at all.
So, as we look at the latest 57 hours time frame, we ought to see the coin maintain a trend following the resistance line just above it.
By 28th of Febuary, at or around 10am (my time), which is the big vertical line in the chart, is where this coin will either break its resistance to move in uptrend.
If it does not, it will drop down to its lower support level and the next 57 hours of time frame will begin until the next "big" movement.
I will repeat myself here incase you forgot, it does not matter whether the trend line breaks resistance or goes lower than its support level, the ONLY thing that matters is where price is, AT the END of the 57 hours cycle.
If you made it this far, and everything made sense to you.
I love you.
Show me your support by leaving a like or a comment and follow me for more analysis.
I am new to all of this. My last two ideas went very well so I'm making this one. If this idea is also right, I will move on to next coin. Perhaps the all time favourite BTC?
Comment which coin you would like me to analyse next.
<3
Comment:
vertical* blue line
Comment:
As we can see right now, the price hasnt break past resistance nor went under support level.
In roughly 9 hours, it will be a complete cycle of 57 hours, which is where we are likely to see the next movement from the current phase.
In roughly 9 hours, it will be a complete cycle of 57 hours, which is where we are likely to see the next movement from the current phase.
Comment:
Looks like the cycle gonna continue to another 57 hours since the price movement wasn't much after the 57 hours cyle.
We could see price bounching back and forth between resistance and support level.
We could see price bounching back and forth between resistance and support level.
Comment:
Its looking really good guys, we're on the last support, and only way from here is up.
Also, it depends on what BTC does too, so yea!
Also, it depends on what BTC does too, so yea!
Comment:
Looks like the price didn't break past the support on the previous 57 hours trend line on 2nd of March.
Lets see how price looks like the next 57 hours of movement.
I assume we could be seeing a tripple 57 hours trend line of current price bouncing back and forth between the resistance and support level. Similar to the pattern from 10th of Feb untill a week. If price doesn't dip pass support and just lingers around, it is definitely possible that we could see a spike until 25 cents. Then a retrace back to 23 cents support level.
Lets see how price looks like the next 57 hours of movement.
I assume we could be seeing a tripple 57 hours trend line of current price bouncing back and forth between the resistance and support level. Similar to the pattern from 10th of Feb untill a week. If price doesn't dip pass support and just lingers around, it is definitely possible that we could see a spike until 25 cents. Then a retrace back to 23 cents support level.
After that, we will see the price movement go from there.
If price is able to to break resistance or go lower than this current support at roughly 57 hours after the new candle starts, which from the previous 57 hours trend line *verical blue line i drew*, will determine the price uptrend or further down trend.