Function X regained 50MA support and could be forming a bull-pennant. Since it just got listed in Coinbase, bullish continuation is likely.
The f(x) ecosystem went main-net earlier this year and is fully decentralized, more information about that project from Pundi X Team on functionx.io
Current Price= 0.00001862
Buy Entry= 0.00001736 - 0.00001520
Hey dear friends, hope you are well and welcome to the new trade setup of PUNDIX.
Previously we had a nice trade of PUNDIX on 30 Aug.
Now again on a daily time frame chart, the PUNDIX has just completed a Shark pattern.
Pundix is forming a rising wedge, which has a high probability to break down. The target would be 90 cents. We are also testing the resistance and support of 1.75 dollars.
One bad thing is supporting the rising wedge, Pundix is forming a gravestone doji, which indicates downside.
Hope I could help you,
On the daily time frame chart, the price action of Pundi X has first time broken out the 25 simple moving average and made an attempt to break out the 50 simple moving average as well. But it is rejected by the 50 simple moving average and now currently moving between the 25 and 50 simple moving averages.
Support and resistance levels:
There can be...
Hi, dear friends, hope you are well and welcome to the new update on Pundi X token.
On the 4-hourly chart, the price action of Pundi X is forming the bullish Shark pattern.
Buying and sell targets for Shark move:
Buy between: $1.31 to $1.23
Sell between: 1.39 to $1.557
The maximum extent of potential...
Hey friends hope you are well and welcome to the new update on the Pundi X
A Fake out:
The price action of Pundi X formed a symmetrical triangle on 4-hour chart and broke out the resistance. After breaking out it also re-tested the previous resistance of the triangle as support but could not close above the high of the breakout candlestick and moved down and...
Dear friends, the Pundi X has broken out the triangle on 4-hour chart, as the price action has re-tested the resistance of triangle as support and confirmed the breakout.
The technical sell target as per the symmetrical triangle for this trade is $2.
Stop loss is $1.60 as it is the recent swing...
PUNDIX is a great project and I firmly believe in it. If FA and TA agree with me, we are in for a massive upward trend.
The falling wedge could of course be broken much sooner than on leg e, but would not be quite complete, which is why I drew it that way.
What do You think?