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CryptoJaegerB
Mar 8, 2021 5:43 PM

SXP/BTC - ascending TRIANGLE ( UPTREND ?) 

SXP / BitcoinBinance

Description

Hello everyone, analyzed the SXP/BTC pair

an ascending triangle is visible on the trading chart. Possibly - not excluded - this is an expanding rising wedge.

To understand this and take the correct position, you need to wait for the breakdown of one of the levels (red line) - support
Or resistance and support levels - if a flat range is formed.

View position, only after confirmation + Volume
RSI indicator - Looks very bullish.

Go to my free channel and chat with other traders. Link in the description

"This is just my opinion, trade with your trading system
Have a nice day and come back again."

Write your opinion, whether there is a place to buy here, and open a long position
Comments
CryptoJaegerB
Trade wisely and don't overestimate the risks. Trade should be profitable, not loss
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