Powerful bullish divergence from Butterfly pattern:
Previously the price action of the NPXS token started bullish divergence from the potential reversal zone of bullish Butterfly pattern, which I have been sharing with you since last year.
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Re-testing of long-term SMAs:
After more than 300% rally, the priceline is re-testing 100 simple moving average on the long-term weekly chart.
Break out and re-test of the bearish cloud:
While the priceline is testing the 100 SMA as support, it is also re-testing the Ichimoku bearish cloud on the weekly time frame chart. This cloud has been broken out after a long time period.
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BAT pattern:
While re-testing the moving averages and cloud on the weekly chart. Now on the daily time frame chart, the price action of Pundi x has also formed a bullish BAT.
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Conclusion:
The priceline of NPXS token has formed the harmonic bullish BAT move on the daily chart, in the right time as at the same time is re-testing the long-term supports. Therefore now it is possible that the price action of Pundi x will continue the bullish rally.
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