Pundi X (Binance: NPXSUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Pundi X began a wave one advance on December 28, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 6 this year, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, Pundi X should be heading next towards the April 6 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Pundi X is a developer of blockchain-powered devices, including a point-of-sale solution, XPOS, which enables merchants and consumers to do transactions on the blockchain in physical stores. You can watch their latest AMA below.
(Sources: Pundi X and YouTube)
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