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SXPUSDT

SXP/USDT : trying to break falling wedge on daily timeframe BINANCE:SXPUSDT Hello everyone 😃 SXP is moving between EMA 100 and EMA 200, Both of them are critical for movement. For now SXP rejected from EMA 200 and MACD is being Bearish, Also Volatility is being bearish and Stochastic RSI is Bearish... Things are targeting 0.73$ and 0.62$ support line, But If SXP breaks EMA 200 and hold above it, Then it will being Extremely Bullish. By the Way there is Falling wedge, which is controlling upward movement at 0.8$ resistance : 🔴 As SXP is below 0.8 and moving into Wedge it's slightly Bearish, Above one of this resistances will makes SXP Bullish. Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
by Helical_Trades
Is SXP looking for a bottom?Hello, SXP is part of the Binance family, and from the fundamentals point of view it has very high chances to approach the crypto.com dimension in the future. Since it was bought by Binance, the project has been in a continuous sell-off, but I think this direction is quite close to the end. I expect that in the coming weeks the price will find a floor, which is why I will use part of the profits obtained with other projects to establish many purchase orders placed between $ 0.2 and $ 0.65. Good old DCA for this one :). My intention is to reap the fruits in a longer term: 6-18 months. Currently, the price has dropped more than 88% compared to ATH, but it will be able to go even lower, especially if Bitcoin will have a serious correction. It would not surprise me that SXP reaches a decrease of 95% -98% compared to ATH. Happy New Year! Sisif
SLong
by Sisif_trader
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