OpenBlock
Long

RedPulse Takeoff

BINANCE:RPXUSD   None
The RedPulse downtrend had been very steady since the last corrective wave up, occurred back in May. Price declined substantially and has reached the low at $0.0147, where it rejected the downtrend trendline , with the clear bounce off.

The MACD has formed a bullish divergence and the Fibonacci Time zone indicator shows the beginning of the next cycle. The about mentioned facts suggest that the next cycle could result in a massive growth and could take RPX /USD up to $0.3 area in a very short period of time.

As this could be just the beginning of the long term uptrend, if the $0.3 resistance area is broken, price is likely to reach $1 psychological resistance, which could happen even before the year end.

Considering the extremely cheap price and the beginning of the new cycle, this seems like a very solid buying opportunity for the short, medium and long term. While the downside risk is extremely low, the upside potential in enormous.

Comments

the name is changed to phx any update
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Has it been delisted for Binance?
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As I understand its a PHX now, they did a Token swap.
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