SXPUSD breakout imminent
Nearing the end of the wedge, I assume that it could either use the dashed resistance and carry on through the wedge, and break out earlier than expected. If it breaks below the dashed resistance, the price could go as low as $3, since humans like round numbers. This will likely be a big buy-in point, and a huge resistance point for the downtrend. It will likely not go below this.
If the price breaks below resistance point, expect price to continue through the wedge, where a breakout will also be expected.
If the price breaks below resistance point, expect price to continue through the wedge, where a breakout will also be expected.
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