SXPBTC has a strong resistance/support area around 6800 sat which is brokenout to the upside with good volume around 2 weeks ago.
Yesterdays sell off does push the price down below that area but it goes back up therefore im optimistic for the future.
If we can hold the green uptrendline, price movement can go a lot higher with %500-600 return to the ATH.
Price looked like it ll form an M pattern on bolinger band but it didnt and price go even lower and right now its in the middle.
Macd is bearish and volume is not low, rsi is around the middle going down.
All of them are bearish signals but as long as we hold 6800 sat area im still long on sxp.
Even price breakout to the downside i ll see this action as buy oppurtinity and wait for to buy!
Yesterdays sell off does push the price down below that area but it goes back up therefore im optimistic for the future.
If we can hold the green uptrendline, price movement can go a lot higher with %500-600 return to the ATH.
Price looked like it ll form an M pattern on bolinger band but it didnt and price go even lower and right now its in the middle.
Macd is bearish and volume is not low, rsi is around the middle going down.
All of them are bearish signals but as long as we hold 6800 sat area im still long on sxp.
Even price breakout to the downside i ll see this action as buy oppurtinity and wait for to buy!