SXP/USDT descending wedge
Friends, greetings to all.
I want to share my thoughts about the SXP crypto asset .
From February 2021 to the current moment, SXP is consolidating within the framework of the "descending wedge" formation, which presupposes an upward breakdown.
My expectations are to see the SXP increase by 600% from the current to the dynamic resistance line, the test of which occurred in May last year, and even earlier in August 2020.
The chart to BTC is considered as a confirmation.
On which consolidation in the previously untraded range is clearly visible, the current formation resembles an "inverted head and shoulders", which also presupposes a change in the trend towards growth.
If you liked this idea, please like and subscribe, get in touch. :)
I want to share my thoughts about the SXP crypto asset .
From February 2021 to the current moment, SXP is consolidating within the framework of the "descending wedge" formation, which presupposes an upward breakdown.
My expectations are to see the SXP increase by 600% from the current to the dynamic resistance line, the test of which occurred in May last year, and even earlier in August 2020.
The chart to BTC is considered as a confirmation.
On which consolidation in the previously untraded range is clearly visible, the current formation resembles an "inverted head and shoulders", which also presupposes a change in the trend towards growth.
If you liked this idea, please like and subscribe, get in touch. :)
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