PIXEL price analysisOKX:PIXELUSDT price broke through the downward trend line on more than decent trading volumes, just as the TA canons require.
#Pixel capitalization is only $30 million
For comparison, at its highs a year ago, the #Pixels market cap was around $700-800mn.
✔️ The main task now is to keep the price above the trend line.
As soon as this is done, we can immediately aim for short-term growth to $0.055 and $0.075
And in the medium term - $0.135 or even $0.30
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PIXELUSD
Breaking: $PIXEL Surged 55% Today Amidst Growing Momentum Pixelverse a Social-Fi altcoin lunched on the Ethereum blockchain has experienced a notable uptick in price today, surging nearly 60% amidst growing momentum.
What is Pixels?
Pixels (PIXEL) is a captivating blockchain-backed game that immerses players in a world of farming, exploration, and creation. This social casual web3 game, powered by the Ronin Network, offers a unique blend of digital collectibles and in-game currencies, fostering a vibrant and active community.
At the heart of the Pixels ecosystem is PIXEL, the native utility and governance token. PIXEL serves multiple functions within the game, enhancing the player experience through various features.
Technical Outlook
As of the time of writing, NGM:PIXEL is up 54% trading within a bullish reversal price movement. the asset's 4 hour price chart reveals a bullish Harami candle stick pattern which when accompanied by a strong fundamental, is a strong bullish pattern.
Since Listing, the asset has seen a +152.27% rise in price before losing almost 95% of market value. With growing momentum as hinted by the RSI at 89, NGM:PIXEL is well ready for a comeback with a move to reclaim the $700 million market.
As per data from CMC, NGM:PIXEL has seen a 609.92% surge in 24 hours trading volume today, that is insane given the asset has since being oversold constricting itself to a falling wedge. A break above the $0.05 could be the catalyst NGM:PIXEL needs for a comeback.
Similarly, should NGM:PIXEL fail to pull that stunt, a break below the $0.040 support could be a big problem for the social-fi token.
PIXELUSDT - two scenario / i believe in firstfalsely stabbed a level, removed the liqviditi, price came to the trendline, etc.
and you can safely made returning price to level and removing the stop loss for long players
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
#PIXEL (SPOT) entry range( 0.110 - 0.135) T.(,599) SL(,1021)BINANCE:PIXELUSDT
entry range ( 0.110 - 0.135)
Target1 (0.1599)- Target2 (0.2499) - Target3 (0.3499)-Target4 (0.4799)- Target5 (0.5990)
SL .1D close below (,1021)
*** Collect slowly in the entry range ****
*** This trade is short time investment ****
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL ****
#PIXEL/USDT#PIXEL
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 0.1400.
Entry price 0.1490.
First target 0.1620.
Second target 0.1725.
Third target 0.1885
PIXEL can go a lot higherPIXEL is my fav coin for more upside in next few days. If btc and market stays stable - it should - after 20% flush recently. PA and TA is bullish, there is bull flag potential breakout.
NOT A FINANCIAL ADVICE
ALWAYS USE STOPLOSS AND MANAGE YOUR RISK
IF YOU HAVE ANY QUESTIONS PLEASE LET ME KNOW IN COMMENTS
#PIXEL/USDT Trade setup#PIXEL is down 70% from its ATH.
The orange lines represent token unlocks on the 19th of each month, which typically shows a positive response followed by a subsequent dump.
Yesterday's unlock resulted in a green candle today. Technically, it is bouncing from the bottom of the falling wedge pattern, and the RSI is oversold.
IMO, This presents a potentially lucrative trade opportunity,
DYOR, NFA
Do hit the like button if you want me to post more,
Thank you
#PEACE
PiXEL looks bullishPIXEL appears to be inside a diametric.
Now it seems that we are at the end of the F wave and will soon enter the G wave.
If the price returns to the green range, we will look for buy/long positions
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade Idea for PIXELS (PIXEL)PIXELS (PIXEL) is currently trading around $0.415, positioning itself as a key player in the Web3 gaming sector. PIXELS aims to provide a broad and interactive open-world environment involving farming, exploration, and creation, leveraging zk-SNARKs technology to ensure secure and confidential transactions on the blockchain.
Start building a position at the current market price of around $0.415. This level offers a strategic entry point considering the project's potential and current market valuation.
Plan to accumulate more PIXEL tokens if the price drops to $0.36 and further to $0.30. This approach allows for averaging down the entry price and maximizing exposure during market dips.
Set take-profit targets at $0.675, $0.81, and $0.90. These targets are chosen based on anticipated resistance levels and historical price movements, aiming to capture significant upside potential.
PIXELS is focused on enhancing the gaming experience within the Web3 space by integrating advanced cryptographic techniques. Its unique approach positions it as a critical player as privacy concerns continue to rise in the blockchain gaming sector.
The broader cryptocurrency market trends and increasing interest in Web3 and privacy solutions can drive demand for PIXEL tokens. Monitoring developments and partnerships within the PIXELS ecosystem will be essential to adjust the investment strategy accordingly.
Accumulating PIXEL at strategic price points leverages market volatility and the project’s promising fundamentals in the Web3 gaming space. The phased profit-taking strategy aims to optimize returns while balancing risk.
This trade idea is based on the current market data and PIXELS’ strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
By following this strategy, investors can potentially capitalize on the volatility in PIXELS’ price while maintaining exposure to a project with strong fundamentals in the growing Web3 gaming space.
#PIXELUSDT#PIXEL
The price is moving in a triangle on the 4-hour frame and we have a green support area at 0.700
We have a higher stability of 100% moving forward
Now we have a nice breakout coming up
Our RSI indicator has a trend that is about to break to the upside
Entry price is 0.7800
The first target is 0.8383
The second goal is 0.9214
The third goal 1.04
PIXEL/USDT READY FOR 20% DIP FOLLOWED BY 70% GROWTHPIXEL has recently encountered significant market dynamics due to drama created by BTC halving scenario, currently trading near the support area and awaiting for a potential growth to sustain the upward movement.
however, if PIXEL breaks the below support area then it may move towards another support just below current support area.
PIXEL/USDT PLAN The Pixel/USDT trading pair is currently showing a notable breakout from a triangle pattern on the 4-hour timeframe chart. This development suggests a potential bullish trend with an anticipated movement of around 30-60% in the short term. It is important to emphasize that this analysis is for informational purposes only and should not be considered as financial advice. Traders and investors are encouraged to conduct their own research and exercise caution when making trading decisions.
PIXEL ANALYSISDue to the bullish BOS and IFC movement created by the buyers, the green range is expected to hold and reject the price to the upside.
Actually, PIXEL structure is Boolean.
On the chart, we have a liquidity pool in which we considered the first target.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You