It seems that price just reacted to the strong support area
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.
sxp retest bottom channel, now can go to mid line channel
SXP is probably in its ascending broadening wedge, confirmation will be after the breakout of the highlighted orange area.
SXP is at a very strong support zone and it is at the bottom of its bullish channel and finally good news for SXP , at the 31 march 2021 SXP is going to release WHITE PAPER and this news will be the PUMPING TRIGGER for SXP.
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
Is this Elliot Wave Count correct? Time will tell....