SXPUSD
It is likely that SXP will break its bearish trend with the double bottoms shape.
Conditions:
Good signs: XAU/ XAG, equity markets and BTC are holding and keeping its bullish momentum.
Alligator indicators are expected to see the crossover between the Jaw and Lip Lines, which will show the bullish trend.
Drawback: BTC remains consolidation and keep its important price above 11k2. Otherwise, if BTC can not hold its level, we will likely see another dump in SXP. SXP or Altcoins is highly impacted by BTC and ETH. Be careful to exit the trade, if BTC drop out of its bullish trend.
Market structure: Consolidation ( still in the bearish trend, Lip line is above Jaw line), it means that Price is still in the ranging zone, however 2.5 - 2.7 demonstrated a strong supporting level.
Target: 3.5 and 5 or Higher.
Entry:
Orange zone: acting as a resistance for seller's entry.
Orange zone, Buying zone for buyers, if the price actions can break above this weak resistance and hold its level as a support.
Exit: Stop loss 2.0 - 2.2 for Buyer, 3.6 - 3.8 for Sellers.
Thank you for your supporting and comments.