SXP/BTC Long
SXP/BTC looks like it is going to make a nice move
within the coming weeks:
MA30 has bullishly crossed above the EMA100
for the first time ever and is now acting as
support.
A lovely inverse Head and Shoulders has been
printed and we can expect, once price has
confirmed the S/R flip of the neckline around
.00006791, that price will continue upward
toward the iH&S target of
.00011629
Ichimoku is bullish:
-Kumo cloud is green
-Tenkan is above the Kijun while both above the cloud
-Laggin span is above cloud and price
-Kijun temporarily acting as resistance, however
price is being squeezed between the Kijun and MA30
and with the rest of the chart looking bullish, it
seems likely Kijun resistance gives before MA30
support does
within the coming weeks:
MA30 has bullishly crossed above the EMA100
for the first time ever and is now acting as
support.
A lovely inverse Head and Shoulders has been
printed and we can expect, once price has
confirmed the S/R flip of the neckline around
.00006791, that price will continue upward
toward the iH&S target of
.00011629
Ichimoku is bullish:
-Kumo cloud is green
-Tenkan is above the Kijun while both above the cloud
-Laggin span is above cloud and price
-Kijun temporarily acting as resistance, however
price is being squeezed between the Kijun and MA30
and with the rest of the chart looking bullish, it
seems likely Kijun resistance gives before MA30
support does
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