Swipe SXP - Elliott Wave + parallel channelParallel channel is already broken, but there is still a possibility to retest this channel as support! Please, keep that in mind. Else the elliott 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...
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Swipe
SWIPEUSDT GOOD ENOUGH FOR A BUY? — 100DAYS OF TA, DAY 82Time Frame: Daily, 4Hour, and Hourly
Hi guys,
Welcome back! Day 81 of the 100 Days of TA is here! Today's spotlight is on SWIPE (SXPUSDT). I talked about the next direction of SXP and the whys. I showed some setups here, what usually happens and what would happen.
Have fun watching today's video! If you think there's something I should add or maybe there's any coin you have your eyes on? You can drop in the comment section.
Always remember that this is Technical Analysis and it's a game of probabilities.
Thanks for coming today!
See you tomorrow!
SXP. 1D. Buying a coin above $0.60 is dangerous for the deposit!A little history about the SXP token project . Binance bought startup Swipe. io to use its infrastructure to issue its own payment cards .
When operating on such a card, the selected cryptocurrency is converted into fiat currency, which will pass through Visa payment channels.
The Swipe platform supports a number of cryptocurrencies and allows transactions in euros, British pounds, US dollars, Korean won and Philippine pesos. It plans to cover Asia and North America in the near future.
This news caused the coin growth in July-August with a maximum $5.
However, later the value of the coin only falls in search of the bottom.
On the chart, we have drawn our assumption about the possible price movement.
For buy out of the coin in the long run, we do not see before $0.60.
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A perfectly executed SXP shakeout with imminent reversalBinance are masters of marketmaking and painting charts. They brought SXP to a nearly full retracement from its major run and have shaken as many people as possible out. As we approach new week starting from 21 September, we may expect - but not necessarily get - one last scam wick downwards to hunt for stoplosses and force utter capitulation of SXP holders before starting a full-scale reversal, possibly coinciding with weekly closure. Despite all the scary news and FUD, Binance and Swipe team still hold a large percentage of SXP coins and likely to keep charts perfect they will not allow decimation of the support floor currently found around 13200-13600 sats, in order to keep the overall long term upward trend intact. Full recovery seems plausible within 5 weeks. Further price action will depend on FA releases. Given the level of FUD against Binance and Swipe, it does seem likely like a coordinated campaign to shake out holders who forgot that barely a month ago Swipe was viewed as a Unicorn. If it's a Unicorn defi powering the largest crypto credit card by far (basically all binance customers), is it reasonable to assume it peaked at 350m USD? Is it also reasonable to forget CRO's marketcap is still 3.5b USD?
Shakeout perfectly executed. Reversal commencing around weekly closing/opening. Risk/reward is 1:4 within 1 month.
CZ won't let it die!Evening ladies and gentlemen, happy weekend!
I gotta be honest, lately it seems like the weekends are being more profitable for me, so I hope we all have a great trading weekend!
Swipe... this is what I think about this coin: Just like BNB, CZ won't let it die, period!
It put a massive double bottom, so to me its an easy buy.
Anything and everything changes when BTC changes, you know that right?! So it doesn't matter if the coin has a good setup and even knows behind, XTZ put out news the other day and it didn't even flinch!
Pay attention to the market!
Trade thirsty, my friends!