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SXP keeps its supporting levels, consolidation and pullback. SXPUSD It is likely that SXP will break its bearish trend with the double bottoms shape. Conditions: Good signs: XAU/ XAG, equity markets and BTC are holding and keeping its bullish momentum. Alligator indicators are expected to see the crossover between the Jaw and Lip Lines, which will show the bullish trend. Drawback: BTC remains consolidation and keep its important price above 11k2. Otherwise, if BTC can not hold its level, we will likely see another dump in SXP. SXP or Altcoins is highly impacted by BTC and ETH. Be careful to exit the trade, if BTC drop out of its bullish trend. Market structure: Consolidation ( still in the bearish trend, Lip line is above Jaw line), it means that Price is still in the ranging zone, however 2.5 - 2.7 demonstrated a strong supporting level. Target: 3.5 and 5 or Higher. Entry: Orange zone: acting as a resistance for seller's entry. Orange zone, Buying zone for buyers, if the price actions can break above this weak resistance and hold its level as a support. Exit: Stop loss 2.0 - 2.2 for Buyer, 3.6 - 3.8 for Sellers. Thank you for your supporting and comments.
FTX:SXPUSDLong
by JokerVN30
2
Is SWIPE worth HODLing? YES. [Community Question]Today, I am answering some questions from my followers. To honor the fact that I am back on Tradingview with some high quality TA. A loyal follower reached out to me today with the question: "Is SXP worth HODLing?". My answer to this question is a simple yes. The reason for this? Technical analysis. We can see a beautiful S/R flip here on SXP where an earlier resistance turns into newly found support. After a beautiful confirmation of this zone, the price started a new uptrend. This is a fantastic moment to buy SXP knowing that it recently showed it's capable of being traded at levels as high as $5. An entry of around $2.50 gives you a fantastic 100% growth opportunity. I suggest the three horizontal levels on the right as profit targets. Res 1 = Target 1, res 2 = target 2, res 3 = target 3. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
9