Pundi X | A Significant Breakout Flashed On The Charts
Hi friends hope you are well, and welcome to the new update on PUNDIX.
Long term resistance:
Since April 2021, pundiX has found strong down trendline resistance. In the month of Jun 2021, the price action found an uptrend line support which was broken down in Oct 2021. Now the price action has formed a down channel and another symmetrical triangle. Now the movement of priceline is getting squeezed as it has reached the end of the triangle.
RSI breaks out resistance:
RSI has broken out a long-term resistance line and also showing a bullish divergence. This brekout is indicting that the priceline can also breakout the long-term resistance for a big bull run soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long term resistance:
Since April 2021, pundiX has found strong down trendline resistance. In the month of Jun 2021, the price action found an uptrend line support which was broken down in Oct 2021. Now the price action has formed a down channel and another symmetrical triangle. Now the movement of priceline is getting squeezed as it has reached the end of the triangle.
RSI breaks out resistance:
RSI has broken out a long-term resistance line and also showing a bullish divergence. This brekout is indicting that the priceline can also breakout the long-term resistance for a big bull run soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade