SXP/USDT : Minority Venture Capital (MVC)
Updated
White line is MVC's entry price.
While it seems like the descending triangle was invalidated, SXP is nowhere close to being out of the woods yet. Still sitting below all three SMAs (50, 128, and 200) with extreme resistance above at ~2.70 I wouldn't touch a long until SXP is above the 128 (~3.25).
While it seems like the descending triangle was invalidated, SXP is nowhere close to being out of the woods yet. Still sitting below all three SMAs (50, 128, and 200) with extreme resistance above at ~2.70 I wouldn't touch a long until SXP is above the 128 (~3.25).
Note
SXP was rejected perfectly by the 200 SMA and is approaching its lows. A breakdown of 1.65 would be bad. SXP still sits in a no trade zone.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.