A huge channel for SXP/USD

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Until 24 th of March there is a huge channel for SXP/USDT to play up and down.

For the up trend 3,760 is the first price needed to be passed.
2,697 can be a good point to buy.

4,790 seems like the intersection of time zone and channel of fibonacci around 24 th of March. Before that there is 4,710 price for the fibonacci extension .
So let's be careful around this time and range. May be even put an alarm just around 4,600.

Lets hope for the best (which is break to upper channel) but prepare for any direction as well as linear price trend until then...

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ملاحظة

First hit to 3,760 : 11 March 16:15
...and it is in the upper channel

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ملاحظة

With the positive view, it seem like SXP will complete "handle" round the time - may be a little before. Then it has another peak to reach.

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تم فتح الصفقة

Second hit & pass 3,760 : 19 March 22:15 (GMT +3)

Zone of 4,7 - 4,9 needed to be reach for cup & handle

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ملاحظة

Prices went down (instead of up per our our expectation) at the date 24 th of March.
I still see Zone of 4,7 - 4,9 reachable, hopefully may be in the April.

There is a 3,386 level it need to cross up in the short term.
Ichimoku is not promissing in short term graphics but there is light in the daily base.

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أغلقت الصفقة: تم الوصول للهدف

breaks the legendary 3,760 heading to 4,790 in the channel. TP is on you.