house_md74

Swipe SXP poised for a bull run!

Long
BINANCE:SXPUSD   SXP / US Dollar (calculated by TradingView)
A bullish Navarro200 harmonic is presented and a deep retracement to the first higher low. Then, another higher low with another deep retracement (after what looks like a possible bullish deep crab on the 4hr) leading to the next higher low. An entry could have been made on the 2nd low, but there is plenty of upside still if it can get above $2.57ish where there some resistance. To sweeten the deal, there is hidden bullish divergence on BOTH the MACD and RSI . I also like the fact that higher lows have been made ever since Dec of 2019. Its very possible to see the price reach up near A of the harmonic if resistances can become support!
Comment: I forgot to mention the descending wedge being just one more nice, bullish ingredient!