Technical analysis NPXS. NPXS-BTC on July 07, 2018

#NPXS 2h

We did not manage to overcome the resistance at 90-95 and the market has returned to the downtrend movement. The price has fallen to its previous minimum (near 50), after which we can see the impulsive bounce, which can indicate the test of the bottom with the further uptrend movement to the upper edge of the downtrend channel. Nevertheless, the market looks risky, we are squeezed between Fib 0.786 – Fib 1 levels and can continue to oscillate in this zone, where 50 looks like the support level and 71 as a resistance, which we need to overcome in order to form the further growth.