Updated
SXPBTC
SXPBTC experienced a correction since it's last peak.
It got a good support from Fibo-Ret-0.61 and now we have the reversal.
The First group of resistance ahead are to pass through 0.618, in which looking at RSI and MF it seems pretty easy, and then through 0.78 which could experience some resistance.
But, the first heavy resistance is expected to happen at Fibo-1 (~0.0004, the last peak), if this re-try be suspenseful the next target is ~0.0006 (Fibo-1.6) and after that ~0.0009 (Fibo-2.6).
We can also expect some resistance close to ~0.00055 and a heavier one close to ~0.00075.
Will be updated
It got a good support from Fibo-Ret-0.61 and now we have the reversal.
The First group of resistance ahead are to pass through 0.618, in which looking at RSI and MF it seems pretty easy, and then through 0.78 which could experience some resistance.
But, the first heavy resistance is expected to happen at Fibo-1 (~0.0004, the last peak), if this re-try be suspenseful the next target is ~0.0006 (Fibo-1.6) and after that ~0.0009 (Fibo-2.6).
We can also expect some resistance close to ~0.00055 and a heavier one close to ~0.00075.
Will be updated
Note
Well, it did tried to get pass 0.61 but it resisted and the trend reversed after a price action candle. Right now it's back to Fibo-0.5 which 15 minutes trading pattern shows a good support from this point.
If the reversal occur it gonna retry Fibo- 0.61 and 0.78.
-Will be updated-
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.
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.