- SXPUSDT brokeout above the descending trendline resistance (DTR-1) and retraced, breaking down below the ascending trendline support (ATS).
- Price retraced for a test of the 0.618 fibonacci retracement level.
- The retracement was resisted by the descending trendline resistance (DTR-2).
- Price brokeout above the descending trendline resistance...
Big support level at 3.0, if it bounces off that it'll blow up to new ATH - Currently seems to be consolidation around there at the minute. If it fails to find support there I predict it to drop out to around 2.5 - The next big resistance. It'd drop out quickly as there's no major resistance between 3.0 and 2.5.