I am following the short term movements for #Sxp on the 12-Hour chart and waiting for daily confirmation.
The main falling trend at $0.5500 was broken in the 12-hour period. The price fibonacci level is at $0.3700 and has not yet turned into support. The current retest point is around $0.3560. In case the retest does not hold and it enters the falling zone, the main support is $0.3270-0.3080 respectively.
Formation target after retest is $0.6000
My expectation is $0.4800 after retest, then $0.3800 correction then $0.6000 rise
Sxp/Btc parity has not yet broken the 0.00000535 resistance and the price is at those levels. The targets after a possible breakout are 0.00000570 - 0.00000615 respectively.
Current Minor Downtrend is around 0.00000615 The first target from the possible breakout is 0.00000757
In case of rejection from resistance 0.00000535, supports 0.00000505 and 0.00000487
My expectation is that the Sxp/Usdt value will reach the formation target of $0.6000 with the movement of 0.00000757 in the Sxp/Btc parity.
Point to note: A possible transfer of 5m+ from 203,000,000Sxp in the cold wallet of Market Maker Binance to the exchange #Binance .
Unless the price holds above $0.7400, the bearish period is not over for Sxp.
Good Luck to Everyone (Thanks Yoyow)
#Bitcoin #SolarEnterprises #SolarNetwork
$SXP $BTC $ETH
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