SXPUSDT trade ideas
SXP LONG TERM $50 This is what I see happening for SXP in the coming weeks/months, reaching a price target of up to $50.
The fractal was taken from BNB daily chart when it first listed right up to its first breakout.
It only makes sense because they both have the same use case and I really think it will play out.
SXP - Bearish Pennant 🔺🔻The massive drop recently changed our bias from Bullish to Bearish on SXP. Only until we see a big bullish convincing move.
We appear to be in a bearish pennant correction. The fibonacci extension of -0.27 lines up with the breakout area from late july when we had the big bullish move.
It is possible that we may be revisiting that price soon before the next bullish phase. Looking to short SXP back down to the 1.90 level.
Beauty Flag...Hello to everyone
We are in an important supporting area, and a flag pattern has been formed.
I look forward to making a good purchase at the end of the correction.
Due to the position of the SAR and MACD indicators, the probability of failure from the bottom of the triangle is higher ...