SXPUSDT
$SXP is ready here with many others #Swipea perfect 1:1 abc correction swiped the lows and almost touched the GZ of the subwave 1. This was one of my previous options and with the rejection at the top of the subwave B and selling volume coming expected this BTC driven drop. There might be one more leg down but I dont see it going lower than the GZ highlighted. BTC can go into lower area as well.
More importantly this is a perfect buy zone for SXP, and if it again touches the lower 4s its a no brainer buy into imo, with little downside risk. Potential is to the tens of highs could be significant from here.
I expect a wave 3 from here in an impulse turbo mode.
SXPUSDT Cup & Handle PatternSXPUSDT Cup & Handle Pattern Completed in 1D Candle.
SXPUSDT took 9 months to complete the pattern and also neckline broken. It's currently in Accumulation Process and I am expecting a +85% move from here in the next two months.
NOTE: DO YOUR OWN ANALYSIS. DO PROPER RISK AND MONEY MANAGEMENT. SPOT TRADING ONLY.
#Swipe my roadmap #SXPThe ltf structure is in a descending triangle on #SWIPE, and I still have a few options how this can play out. My primary is the green line is that we break that triangle now upside and we are moving to the third wave in large.
Alternatively if it breaks down it can go tap lower to compelte a subwave 2 of the larger wave 3 and still move up, or it can do a LL and only complete the larger Wave 2 before it heads up to the impulse.
I am still holding and long with SL in, targets are above $10 for now. I expect that triangle to break up soon in the next few hours with retesting, then long more, will update on that on my twitter.
SXP - $12.44SXP is currently trading above the support of $4.93. If it can stay above this support zone for a few days, it will start forming a strong support. In this case, we could start seeing a move towards $6.37, $8.68, $11.00 and $12.44. Failure to hold the support at $4.93 could lead to a drop towards $4.44, $4.05 and $3.79. You can spread your buy orders equally at these 3 zones if the support breaks. If the support of $4.93 holds, you can buy above $4.93. Good place to place your stop loss would be below $2.60.