SXPUSDT, Making the U-Turn or Forming Support Band

SXPUSDT, Making the U-Turn or Forming Support Band

Comment:

And dip below 0.84 mean support line but maintain above the lower band of the down trend channel and along its gravitational line. This is an acceptable range.
A trend of sinusoid 'waves' showing consolidation and building momentum towards the 4hourly chart.
My guess is if it hit 0.90, it may retrace for another round of correction but a lower low above 0.818 today.
My estimation is it may take a 1-2 days to consolidate.