SXP/USD +470% Fibonacci Hopium

3 sept. 2020

Over the next couple of months I am looking for SXP/USD to grind its way up to the 3.618 fib retrace of this current 60% correction. This is based purely on it looking to have very similar macro price structure to what LRC/USD had on approximately June 29 of this year. Compare the two!

This would have SXP priced at approximately $10 for a gain of about +470%.

Lettuce pray for this meme.

Happy trading :)

3 sept. 2020

Note

Correction: If SXP is able to reach the 3.618 fib, it would actually have a price target of approximately $12, not 10.

Lettuce pray for this meme.

Happy trading :)

9 sept. 2020

Ordre annulé

Jumped the gun trying to time the bottom on this idea. I think SXP goes back to its all time high and much higher over time. Whether this is now the bottom or not I'm not sure, but i will post another chart when I feel it is starting to move back up.

Lettuce pray for this meme.

Happy trading :)