Growth targets on the chart. Can go to xxx. Entrance is only for breaking the "Descending Wedge". Who uses Stop Loss - it is not possible to bet, as the price of 4 Satoshi. -------------------------------------------------- ----------------------------------------- Whoever thinks that he can put Stop Loss paired with Ether /NPXS, I assure you that they will be knocked out before growth at the lowest price. The reason is that weaker and less liquid pairs always use to influence the price in more liquid pairs. -------------------------------------------------- ----------------------------------------- Pump coin. Traded on Binance. That will allow the pump to have good liquidity. Go to XXX Dumps at the moment. (price drops) for the last wave inside the wedge. The glass on Binance is very heavy (visual effect for a dump). Try to lower the price due to the pair to ETH. But it is still weak so far. Sooner or later they will stop dumping. Let me remind you again this pump coin, just for speculation. It can go to X. Totally manipulative. You need to understand that most of the sell orders are fake. When you need to disappear. But another thing also needs to be understood, if the general market does not unfold, sell orders are not removed.
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NPXS / ETH Local channel in 22% increments. 2 phase cups. + 160%
After the Binance exchange removed the liquid pair to NPXS / BTC , and left the less liquid NPXS / ETH and NPXS / USDT, the price crashed for obvious reasons. As it is possible due to weak liquidity to lower the price and keep it at low values.
“Faith is killed,” when lowering the price, we see a huge volume of trading. Perhaps this is a manipulation (we bought it ourselves). Maybe - it’s really someone in the market bought a huge amount.
At the moment, the trading volume at the minimum values, the coin is not interesting to anyone, this is a good sign, this means that the main crowd of "weak hands" has already left the instrument.
It is important to observe or when the price rises, the trading volume and FUD news about the coin in crypto social networks will increase. Raising prices without volume is a bad sign. The price should rise and at the same time the volume of trading and interest among the crowd.
2 months, the price moves sideways in a horizontal channel + 22%. Which may turn out to be the 2nd phase of the shape of the cup (rounded bottom). It is also worth noting that this lateral movement can take an undetermined amount of time before a turn. There are no clear rules on time.
Pivot zones are important, the moment when the price goes beyond the side of the channel and is fixed - the channel breaks. The downtrend will continue to depend on these zones or it will continue to change when the channel breaks through to the uptrend and thereby gives the formation of 3 phases of the cup shape. In most cases, this pattern acts as a trend reversal pattern.
There are several options for trading this coin:
1) Trade. Channel trading in increments of 22% 2) Trade. The entrance to the channel breaks up at the beginning of the 3rd phase of the formation of the "Cup" figure. Profit potential around + 140% 3) Trade. Entrance when the price breaks and consolidates above the resistance of the cup (yellow zone). Profit potential + 140-160%
Stop Loss is used under key support levels during your entry into the market.
I am also targeting Mid-October for a breakout. @VictorCobra had an analysis of the Altcoin Marketcap that would see a similar scenario play out across the market. Many alts seem to be setting up for the same play. I'm not sure what will happen to BTC in the meantime but I think you're bang on. The only other scenario is (another) capitulation across the market where NPXS hits 2 or 1 sat, in which case it will be well into 2020 before it leaves this downtrend.
SpartaBTC
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@smumoot, 1-2 sat very little. Little is believed. But cryptocurrency market everything is possible. I also think that in mid-October some altcoins should grow.