PrinceElliott

SXP BTC X3 POTENTIAL / ELLIOTT WAVE ANALYSIS

Long
BINANCE:SXPBTC   SXP / Bitcoin
If sxp breaks out this descending wedge and breaks out Wave 4 of C it has x3 x3.5 potential

I ll update SL and entering position below this analysis
Comment:
Here is SL but I ll personally not use SL on this trade

Comment:
According to text book agressive traders get into position with above SL

And safe players can wait it to break out Wave (iv)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.