SXP/USDT bullish chart analysis Long

SXP / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Aug 18, 2020 6:55 AM

SXP/USDT is forming a nice falling wedge in the 1h chart. This pattern is usually bullish.
As an additional confirmation we can see the MACD (4h) is giving a buy signal soon if price starts to break up.
A good breakout can lead for a 40%+ run.

Trade closed: target reached

⋅ Aug 20, 2020 9:23 AM

Sometimes it can be that easy..

Comment

⋅ Aug 20, 2020 9:24 AM

Second wave coming if bitcoin keeps cool