Get started
magelord575

SXP/USD +470% Fibonacci Hopium

Long
Solar / Tether (KUCOIN:SXPUSDT)  
magelord575 Updated   
KUCOIN:SXPUSDT   Solar / Tether
Trend Analysis Chart Patterns Technical Indicators SXPUSDT sxpusd SXPBTC
10
5
trendanalysis chartpattern indicator sxpusdt sxpusd sxpbtc
Over the next couple of months I am looking for SXP/USD to grind its way up to the 3.618 fib retrace of this current 60% correction. This is based purely on it looking to have very similar macro price structure to what LRC/USD had on approximately June 29 of this year. Compare the two!

This would have SXP priced at approximately $10 for a gain of about +470%.

Lettuce pray for this meme.

Happy trading :)
Comment:
Correction: If SXP is able to reach the 3.618 fib, it would actually have a price target of approximately $12, not 10.

Lettuce pray for this meme.

Happy trading :)
Order cancelled:
Jumped the gun trying to time the bottom on this idea. I think SXP goes back to its all time high and much higher over time. Whether this is now the bottom or not I'm not sure, but i will post another chart when I feel it is starting to move back up.

Lettuce pray for this meme.

Happy trading :)
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.