NPXSUSDT formed bullish Gartley | A good long opportunity

2 февр. 2020 г.

World's 111 ranked crypto token Pundi X Pundi X (NPXS) has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon.

This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.

Lets have a look on the dimensions of NPXS priceline's move:

After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now 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 the 0.786 Fibonacci levels then it can also lead to the long term bullish move.


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

Buy between: $0.0001347 to $0.0001337

Sell between: $0.0001354 to $0.0001372

So this is a good short term long idea for NPXS day traders



Regards,

Atif Akbar (moon333)