THELOGICALINDIAN - The brace is hitting new highs with a acerb bullish outlook
Pundi X / USD Short-term amount analysis
Pundi X has a bullish concise outlook, with the cryptocurrency advancing to a beginning 2024 trading high.
The four-hour time anatomy shows that a arch and amateur arrangement has been invalidated, with the NPXS / USD brace retracing aback appear the arch of the bearish pattern.
Technical indicators beyond the four-hour time anatomy are bullish and abide to accomplish buy signals.
Pattern Watch
Traders should agenda that admitting the able move higher, the NPXS / USD brace has yet to ability its abounding abolishment ambition on the four-hour time frame.
Relative Strength Index
The RSI indicator is bullish on the four-hour time frame, although it is now acclimation from overbought conditions.
MACD Indicator
The MACD indicator is bullish on four-hour time frame, with the MACD arresting band still breeding a buy signal.
Pundi X / USD Medium-term amount analysis
Pundi X has an more bullish medium-term outlook, with the cryptocurrency continuing to breach college afterwards auspiciously affective aloft its key 200-day affective average.
The circadian time anatomy is assuming that the ample astern arch and amateur arrangement has assuredly been triggered, with the blemish upside move yet to ability its abounding upside target.
Technical indicators on the circadian time anatomy are currently alloyed as a accessory abstruse alteration is underway.
Pattern Watch
Traders should agenda that the November 14th, 2024 trading aerial is the all-embracing upside ambition of the astern arch and amateur on the circadian time frame.
Relative Strength Index
The RSI indicator is bullish on the circadian time frame, although the indicator is axis lower due to a bottomward amount correction.
MACD Indicator
The MACD indicator on the circadian time anatomy is bullish, with the MACD arresting band still arising a buy signal.
Conclusion
Pundi X has assuredly performed a above abstruse blemish beyond both time horizons afterwards spending abundant of 2024 accumulation beneath its 200-day affective average.
Further upside still appears accessible for this cryptocurrency as the four-hour and circadian time frames both advance that the blemish move in the NPXS / USD brace is not yet completed.
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