Since the Binance listing, NPXS has been in a downtrend. There is a chance that NPXS may have reached a temporary bottom with the falling wedge pattern.
We can also see the divergence on the RSI indicator, making a higher HIGH yet price action has made a lower LOW.
If we see a break out the top, the projected target is the 38.2% Fib with stops below the swing low after entry. If we don't get an entry and price continues to fall, still keep an eye on it as it is overdue for a correction.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
We can also see the divergence on the RSI indicator, making a higher HIGH yet price action has made a lower LOW.
If we see a break out the top, the projected target is the 38.2% Fib with stops below the swing low after entry. If we don't get an entry and price continues to fall, still keep an eye on it as it is overdue for a correction.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Order avbruten:
Failed to trigger. Looking like another wave down. The retracement on NPXS is going to be epic when it occurs.
Kommentera:
Still watching NPXS:
