#SPX
The price has been moving in a descending triangle since July 2023
We are now on the verge of breaking the downtrend
The moving average 100 was broken to the upside
Current price 0.3852
First target: 0.4300
Second target 0.5075
Third goal 0.5979
#SPX
The price is moving in a downward channel, and we are about to break it higher.
On the 4-hour frame, we saw clear upward momentum after some correction occurred.
Current price is 0.3715
The first target is 0.3930
The second goal is 0.4100
The third goal is 0.4290
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A few words about the US stock market
After exiting the descending channel , the price was able to rise by 11% ($4.310)
The Fund was able to break through the local resistance at $4,200 and is now trading around $4,300
With such...
Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In today's analysis, we take a look at 3 alts that have great upside potential and could possible go parabolic when we're back in bull cycle. It's...
- Swipe looks terrible on the daily / weekly timeframe.
- We have a descending triangle that is currently breaking down.
- I do not see any bullishness on this chart.
- Another 57% DROP is expected, then we can retest the triangle.
From our previous SXP analysis, we were anticipating a parallel channel but upon seeing price action, we find that it is more fitting that it's an expanding flat triangle. Price is moving correctively down and we have 2 major areas which we are keeping our eye on.
This is my second SXP chart analysis. We did not have enough data in the first one. However, we have now, so
According to my analysis, the candle tries the break the triangle, so if the price breaks, the uptrend resumes. However, before we buy it, we should wait for one candle opens and close outside of the triangle. Besides, we have 2 engineering Robo BUY...
