Now the 5th of the C wave is marking, This should complete the wave 2 somewhere here, and I expect a stronger rebound to the Wave 3 from here. If there is more pressure on crypto and it starts ranging being corrective lower here then it was not a 3 wave correction (wave2) but a 5 wave C wave in overall sub of the wave2, that means the larger wave 2 is extended in...
SXP is breaking out after a long consolidation to outperform BTC. The blue line marks my entry level. The green line marks my planned exit level.
Firstly SXP if didnt hold this summer ATH then we possible got bounce from daily EMA.
Break this Resistance and then only UP
sxp retest bottom channel, now can go to mid line channel
RSI has broken above resistance and bounced off it as support. MACD is in the positive. A strong hold of the $3.90 level should signal that we can go back up. Just what I see though.
SXP is probably in its ascending broadening wedge, confirmation will be after the breakout of the highlighted orange area.
1st Buy Area 3$ to 2.7$ 2nd Buy Area 1.5$ to 1.2$ 3rd Buy Area 0.7$ to 0.55 Buy and hold some days for good profit. Many Goodnews Coming Comment Below what you thought Thanks
Entry point: 1-) Under $ 3.74, 2-) The big money entry point is $ 3.45. S/L: 1-) Big S / L score: under $ 2.76. 2-) Small S / L point: $ 3.4. It is not investment advice. First goal: $ 6.22 profit take point. $7,44 $8.6 Do not forget to use SL.
Long trade entered at $1.716 :) Quite happy with that price.