Swipe (SXP) Potential Bounce Taking Place + Next Target
Updated
Swipe (SXPBTC) is bouncing now and multiple signals support this move.
We have strong volume coming in, higher than the daily average.
Prices bounced off the 0.618 Fib. retracement support level.
The RSI is really strong and prices are moving above EMA50.
On a close above EMA50 additional bullish action can take place with the next target being the magenta dashed line.
The main support is the 0.618 Fib. retracement level.
If prices for SXPBTC move below this level, we are likely to see lower support tested marked in the chart with a blue dashed line.
I hope that helps.
Namaste.
We have strong volume coming in, higher than the daily average.
Prices bounced off the 0.618 Fib. retracement support level.
The RSI is really strong and prices are moving above EMA50.
On a close above EMA50 additional bullish action can take place with the next target being the magenta dashed line.
The main support is the 0.618 Fib. retracement level.
If prices for SXPBTC move below this level, we are likely to see lower support tested marked in the chart with a blue dashed line.
I hope that helps.
Namaste.
Comment
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