SXPUSDT - A good time for long term entry
Updated
This one has shown some volatility in a very short time period.
After most probably making and breaking alot of traders, im thinking this one is good for a long term investment.
My reasoning is descending wedge with very tightened volatility, a divergence in the RSI, and a longer timeframe support appearing.
My guess at first wave would be approx 2.0, which is wedge height and previous trend area. Once this is broken, CZ will take it from there.
After most probably making and breaking alot of traders, im thinking this one is good for a long term investment.
My reasoning is descending wedge with very tightened volatility, a divergence in the RSI, and a longer timeframe support appearing.
My guess at first wave would be approx 2.0, which is wedge height and previous trend area. Once this is broken, CZ will take it from there.
Note
Forgot to mention... Wont be expecting much from any alt until BTC stabilizes for a bit
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