✳️Swipe/USDT (26/10) #SXP $SXP #SXPUSDTSXP just broke the 1$ support zone and the situation is pretty bad.
However, there are still a few scenarios for SXP that we should follow
1️⃣ SXP rebounds from the 0.9$ zone and continues to rise to 1.4-1.5$
2️⃣ Continuing to break out of the 0.9$ zone, the upside target will be 0.6$
Swipe
Swipe SXPUSDT - Symmetrical triangle + more downside- All time low confirmed last night!
- Swipe is doing very bad, there are absolutely no buyers at all.
- Bitcoin is pumping but SXP is going down = extremely bearish sign
- You can buy SXP at much lower prices, like 0.5 or 0.6 USD
- If you want to profit from this move, please use a futures market to open a short position
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Swipe SXPUSDT - Rectangle bearish formation- Swipe looks bad, i expect lower prices
- Rectangle bearish continuation pattern - you can call it a pennant
- This coin is on ALL TIME LOW
- You can short this coin on crypto futures market
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Swipe SXPUSDT - Elliott wave + Descending channel- Swipe is going down, there are no buyers at all
- This coin is on all time LOW pretty much, so i cannot see any potential for an immediate short term
- You can buy at 0.5 - 0.6 USD later
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Swipe SXPUSDT - Descending triangle + out of control- Bulls run away from this coin right now
- Descending triangle or descending market structure is confirmed on the chart
- You can sell SXP and buy lower, or short the coin on any crypto futures market
- If you feel uncomfortable holding this coin, you should listen to your body
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Swipe SXPUSDT - Elliott wave + parallel channel, Ultimate bottomParallel channel is already broken, but there is still a possibility to retest this channel as support! Please, keep that in mind. Else the elliot wave count is completed to the downside, which is of course bullish. I will provide a detailed technical analysis and wave analysis to this coin on lower time frame as well, follow me so you don't miss this update...Also, price around 1 USD can be ultimate bottom for this coin.
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Swipe SXPUSDT - Descending triangle, very bad!Swipe is currently forming this descending triangle to the downside, that is nasty. If you take a look at Bitcoin dominance chart (below), you can see Head and Shoulders pattern. I think Swipe definitely have some potential, but for now, we need to wait for a better price in the future. Bulls cannot hold any of previous supports and selling pressure is increasing.
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SXPUSDT Chart Swipe(SXPUSDT) fundamentals are very strong. Swipe launched crypto funded USD checking account and debit card. Current market cap only $100 Million. Swipe can be a real competitor and challenge to crypto.com (market cap $3 Billion). Both competitions would help for more innovation and shaping the crypto industry. According to this SXPUSDT got more room to go up and technical supporting too.
SXP might be swiping down for nowSame as UNI and most other altcoins, it just broke down from an ascending broadening wedge, retested and then got rejected.
We should be heading south for now and I expect a loss of about 13%. I am long term bullish in this coin though especially since I'd like to get the Swipe Card soon, so I'll be laddering my buy orders on the way down. Cheers!
Swipe SXPUSDT - Detailed Elliott wave + 0.618 fib supportSwipe is currently in the C correction wave, it should be finished at 0.618 fib + horizontal support from previous swing. It also depends on bitcoin. As you can see my Elliott Wave count, the next wave is the 3rd Impulse wave, which is generally the strongest one.
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Swipe SXPUSDT - Elliott wave + 0.618 fib first targetThe Elliott Impulse wave is in progress right now. I expect one more wave to the upside, then sideways for a while. 0.618 fib and horizontal resistance may be a good profit target for traders. As long as this trend line holds - it is fully bullish.
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Swipe SXPUSDT - Elliott wave + falling wedgeImpulse Elliott wave completed to the downside very nicely. If you take a look on weekly candles, u can spot a massive bullish hammer. I expect massive gains for this coin, first target is 0.618 fib. Also as you can see, the price bottomed out on this falling wedge pattern.
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SXPUSDT Possible longs between 1,40/1,15...Hello,
the situation is not favorable to the idea related to the long side of the market at the moment, but how not to try to take advantage of a possible opportunity?
Perhaps instead of trying to catch the "falling knife" immediately, it is worth waiting for consolidation in this area?
Looking to buy in the range of 1.40 / 1.15
Stop below 1USD "hard" or two consecutive daily close below 1USD
The first target is 2.35 / 2.40
Good luck