SXP takeoff?Looks strong on btc pair
can see that usd pair has flipped the HTF levels, flipped the resistance
hold above here should give a decent run
SXPBULLUSD trade ideas
SXPUSD- CUP AND HANDLE FORMATION - VERY BULLISH 17/3/21 SXPUSD
Price is forming a cup and handle formation, well supported at 0.5 fib level during the last dump, forming a nice handles on daily TF
Reasons to be bullish
1) MACD green on daily
2) RSI above 50 daily
3) Above all MA on daily TF
4) Cup and handle bullish formation
Recommended entry : USD 2.8 - USD 3.05 (previous support levels) , can wait to enter after cup and handle formation at the resistance at 3.5.
Targets : Cup and handle suggested upward target at USD 5, fib levels will be around 1.5 level at USD 6.1 and 1.382 level at USD 5.8
Price closing below 0.618 fib level at 2.45 will invalidate the analysis.
Overall daily TF is showing a bullish smell on this Gem.
