SXPUSD Start of Bullish Momentum
Updated
Swipe (SXP) has bottomed out at 0.623 and reversed off this level, starting to go long and form its bullish momentum.
What is SXP?
SXP is a cryptocurrency that powers The Swipe Wallet. The Swipe Wallet has been designed to require Swipe Tokens SXP to perform all functions and utility of the Wallet including to use the services and to make withdraws. Users on the Swipe Wallet can buy, sell, and pay with their cryptocurrencies to fiat directly within the Wallet application as well as purchase Gift Cards and make instant exchanges between all supported assets.
Users are able to use their SXP tokens to launch and there are also tiered benefits based on the SXP holding on the Wallet Contract.
Swipe has a circulating supply of ~85M and a total supply cap of 300M.
Entry Targets and TP Levels
Perfect entry on SXP would've been along the weekly support accumulation zone at 0.623 - 0.767. It has already gained the 1.174 level as support going long towards the other TP levels.
Seen on the chart, the next level to take profits i'm looking at is $1.52 - $1.745
The long term target is TP3 at $4.322, the swing high (previous ATH) created in the August pump right before the BTC dump at the end of the month going into September. From that move, it is now reversing, 4 months later.
What is SXP?
SXP is a cryptocurrency that powers The Swipe Wallet. The Swipe Wallet has been designed to require Swipe Tokens SXP to perform all functions and utility of the Wallet including to use the services and to make withdraws. Users on the Swipe Wallet can buy, sell, and pay with their cryptocurrencies to fiat directly within the Wallet application as well as purchase Gift Cards and make instant exchanges between all supported assets.
Users are able to use their SXP tokens to launch and there are also tiered benefits based on the SXP holding on the Wallet Contract.
Swipe has a circulating supply of ~85M and a total supply cap of 300M.
Entry Targets and TP Levels
Perfect entry on SXP would've been along the weekly support accumulation zone at 0.623 - 0.767. It has already gained the 1.174 level as support going long towards the other TP levels.
Seen on the chart, the next level to take profits i'm looking at is $1.52 - $1.745
The long term target is TP3 at $4.322, the swing high (previous ATH) created in the August pump right before the BTC dump at the end of the month going into September. From that move, it is now reversing, 4 months later.
Trade active
SXP broke through TP1 to a Tee and is now almost headed to TP2 zone at 3.032 - 3.103.
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