Pundi X (NPXS) is Forming Bullish BAT Pattern And Completing The Bullish Setup For A Good Short Term Long Opportunity
Pundi X (NPXS) is Forming Bullish BAT Pattern And Completing The Bullish Setup For A Good Short Term Long Opportunity

By moon333 | moon333 | 19 Jan 2020


The World's No:106th cryptocurrency Pundi X (NPXS) is forming bullish BAT pattern on 12hr chart and expected to enter in bullish potential reversal zone soon.


Lets have a look on the Pundi X price action's move:

After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is almost projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.

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As per Fibonacci sequence method we can set our targets as below for mid term trade:

Buy between: $0.0001259 to $0.0001233

Sell between: $0.0001322 to $0.0001415

 

So this is a good and very short term long opportunity for NPXS traders.

 

Regards,

Atif Akbar (moon333)

 

The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.


moon333
moon333

Hi, My name is Atif Akbar and I share my charts about different assets as username moon333, you can find me most of the times among top authors on tradingview


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

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