Analysis is the same as my earlier BTCUSD post.
We will have to see how wave B plays out.
We shall evaluate again after its completion.
There are lots of variations to pullback but as long as it is a pullback, it means it will still go higher.
If it changes course to become another 12345 impulse wave, then the story changes.
Disclaimer: I'm not giving any...
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.
After The bloody collapse From 9$ To 0.5$
It's time to get up ! According to my humble analysis
The price path will be as follows :
from 1.74$ (Now) - Long to - 4$ / 3.5$
Then Short from 4$ / 3.5$ to 3$ / 2.5$
Next we have Long from 2.5$ / 3.5 To 5.5$ / 6$
Then Short From 5.5$ / 6$ to 5$ / 4.5$
Finally Long From 5$ / 4.5$ To Last Stop 7.5$ / 7 $
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,
While comparing with EGLDUSDT, it follows the similar pattern. Note: EGLD was also name changed coin
After a dump it has given a tremendous performance
Token re-denomination is almost over
Token Burning is over
Token Buyback at 7$
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...