Hello traders, SXP / BTC is in a primary uptrend it is right in a bullish channel.
We can see a validation on a support ca trying to go to a horizontal resistance that we can see on the RSI.
To wait for a return of pull back for a new presence the weak diagonal resistance of the beginning of this decrease serras breakout.
In order to reach the last top of the canal for later confirmed the breach of the highest on the RSI.
There we will have a cup and handle shape that will validate the uptrend, with a new entry point on support or a profit taking.
And we will see the future market outlook either correcting itself or an attempt to exit the bullish channel from above.
Which will give us more information to own.
Please like and follow, thank you.
We can see a validation on a support ca trying to go to a horizontal resistance that we can see on the RSI.
To wait for a return of pull back for a new presence the weak diagonal resistance of the beginning of this decrease serras breakout.
In order to reach the last top of the canal for later confirmed the breach of the highest on the RSI.
There we will have a cup and handle shape that will validate the uptrend, with a new entry point on support or a profit taking.
And we will see the future market outlook either correcting itself or an attempt to exit the bullish channel from above.
Which will give us more information to own.
Please like and follow, thank you.