SXP/USDT Breakout Soon
Hi guys, Here's a quick look at SXP/USDT 4H chart. As we can see, we are trying to break out from the resistance level 4.9/5 $ levels. MACD is crossed positively for the strong breakout we need good volume as well.
The next 2-3 4H candles are critical it will confirm is that a breakout or fake one. If we get rejected we might retest trend Support Line and other levels. Depends on Bitcoin movements we might even break down.
With confirmation for the breakup
My Targets are:
5$
5.3$
5.75$
6.5$
If we get rejected or fall down from the Trend We might Retest
4.7$ 25 EMA Weak Support
4.6 50 EMA Support
4.4 & 4.5 $ 100 Ema Major Support Level And 0.618 FIB Golden Ratio Support Are the Major Levels.
The next Major Support Level Might Be 4 $ levels
Trade Safely
This is not financial advice! Just my idea about SXP!
Do your own research.
If do you see a mistake or want to help, you can write in the comments.
It's my first time so take your own risk.
Not investment advice.
My ideas are only helpful and not advice to buy or sell, you are the decision-maker.
The next 2-3 4H candles are critical it will confirm is that a breakout or fake one. If we get rejected we might retest trend Support Line and other levels. Depends on Bitcoin movements we might even break down.
With confirmation for the breakup
My Targets are:
5$
5.3$
5.75$
6.5$
If we get rejected or fall down from the Trend We might Retest
4.7$ 25 EMA Weak Support
4.6 50 EMA Support
4.4 & 4.5 $ 100 Ema Major Support Level And 0.618 FIB Golden Ratio Support Are the Major Levels.
The next Major Support Level Might Be 4 $ levels
Trade Safely
This is not financial advice! Just my idea about SXP!
Do your own research.
If do you see a mistake or want to help, you can write in the comments.
It's my first time so take your own risk.
Not investment advice.
My ideas are only helpful and not advice to buy or sell, you are the decision-maker.
Note
SXP looking good we saw a breakout if we close above the line 4h Chart we will achieve those targets :)Trade Safely
This is not financial advice! Just my idea about SXP!
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.