SXP/BTC short term analysis
The immediate direction of swipe depends on how it breaks out of this ascending triangle. If it has a bullish breakout, will be straight to target 1 (0.0001), followed shortly by target 2 (0.000125). A bearish breakout and its gonna drop down to the key psychological support (0.00007).
The amount of volume around the current price indicates a breakout is gonna happen soon, so I think these targets will be hit soon (this or next week).
I'll be waiting for a 4 hour candle close outside of this triangle before I place a trade.
** Fundamentals look great for April and June - Bullish.
The amount of volume around the current price indicates a breakout is gonna happen soon, so I think these targets will be hit soon (this or next week).
I'll be waiting for a 4 hour candle close outside of this triangle before I place a trade.
** Fundamentals look great for April and June - Bullish.
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