WHATS UP GUYS ?!
In the past analysis that I posted for SXP, It wasn't succeed ,Although it tried 2 time to rise up but it declined and it wasn't able to rise for touching higher targets
so now!
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๐Technical
As you can see on weekly timeframe for SXP/USDT , it tried more than 2 times to breakout the descending trend line but wasn't successful and has been declining and went down below the previous support zone which is now resistance zones , we can see it was compressing in a supper bullish falling wedge ,and if it be able to to breakout this pattern it will have very interesting target in this bullish scenario, but otherwise I think there is low possibility to go down below support zone and maybe fluctuating in this pattern for a while , and then eventually I expect to break it out powerfully .
๐resistance level: $4.63 -$4.86/// $3.59- $3.9///$2-$2.34/// descending trendline of wedge
โ๏ธsupport levels: $0.925-$1 ///descending trendline of wedge
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
In the past analysis that I posted for SXP, It wasn't succeed ,Although it tried 2 time to rise up but it declined and it wasn't able to rise for touching higher targets
so now!
-------------------------------------------------------------------------------------------------------------------
๐Technical
As you can see on weekly timeframe for SXP/USDT , it tried more than 2 times to breakout the descending trend line but wasn't successful and has been declining and went down below the previous support zone which is now resistance zones , we can see it was compressing in a supper bullish falling wedge ,and if it be able to to breakout this pattern it will have very interesting target in this bullish scenario, but otherwise I think there is low possibility to go down below support zone and maybe fluctuating in this pattern for a while , and then eventually I expect to break it out powerfully .
๐resistance level: $4.63 -$4.86/// $3.59- $3.9///$2-$2.34/// descending trendline of wedge
โ๏ธsupport levels: $0.925-$1 ///descending trendline of wedge
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
