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PolarHusk
Sep 6, 2020 2:05 PM

SXP/BTC (Testing Major Support?) 

Solar / BitcoinKuCoin

Description

KUCOIN: SXPBTC

-Swipe is now testing key support area at 16000 sat
-And forming a descending channel which is bullish in technical pattern
-To trade this pattern, the safest approach is to wait for breakout direction (upside)
-Once the breakout is confirmed to the north, strong buying present will start to jump in
-The upside potential is up to 36000 sat or higher
-100D MA is already approaching the price and will likely once starts consolidating



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Comments
Rickking
sorry for askin
how much u trading?
aufernan
Well done! @PolarHusk
PolarHusk
@aufernan, thank u! :)
janicecarrington123
nice analysis
PolarHusk
TopgOptions
Great analysis!
PolarHusk
@avacamir, thank u!
Jenefar12
Your idea is favourable for everyone.
Thanks a lot for sharing with us
PolarHusk
@Jenefar12, thanks alot!
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