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SXP/USDT: Huge Cup and Handle on the daily!SXP has been respecting fib levels to the dot and only recently, it has managed to hit an ATH at 5.638, with a major strong support validated at the 2.52 zone. On the larger timeframe an obvious cup and handle has been forming over several months. Now we look for a retracement along side BTC approaching resistance, with ENTRY LONG targets of 0.618 to 0.5 fib levels, which has previously served as a strong support - the $4.5 zone has seen repeated rebounds after SXP gets rejected off $5.2 resistance in the earlier days of April 2021. ENTRY: 4.35-4.7 Targets: 5.6, 7.588 and 9.1252 (the completion of the cup and handle formation) SL: For stop loss we can choose a tight stop at $3.9509 or if would like more allowance for volatility, stop loss can be placed at $3.4798, beyond which a bullish retracement is definitely invalidated and we look more for a DOUBLE BOTTOM or a RANGE between $2.5-5.5 NOTE: A daily bullish close above 5.01 would mean validation of the previous resistance cluster as support, which might mean our entries may not even be filled. However, this is not a likely scenario due to the extended run SXP had went from 23 April without a real correction.
Long
by Gold_D_Roger
SXP FINAL CALL TO BULL RUN!! || %130SXP this time it is ready to run. I knew that it is the biggest scam and connected with binance so it means they let you sell your coins then pump hard as it happened BnB. This time everything looks good to run. There is news about it on the internet and also CZ kinda gets them into the game by his Twitter acc. Cup and handle Golden Cross Macd and the most important is the news and social media power. If it will not run this time :) ıt will prove that it is the biggest scam :) one more time please like and comment below.
Long
by alenotr43
CHZ/USDT MARKET CYCLE EXPLAINED Good day!! Green weekdays ahead. In my technical analysis, in this chart explains the market phases. It is very important to study about these phases to increase your win rates in trading and also to avoid to be in distribution phase. as of now I'm very bullish on CHZ/USDT. In this chart, 2 cycles occurs. as of today, i guess we're on accumulation phase of the market and i guess it is ready again for it's mark up for it's 3rd cycle of the market. trade responsibly. Trade with a plan.
Long
by CryptoProfessor
SXP 1D Need fall by $2.60 so that later grow to $20Well, the goal of $5 has been achieved , a little not as planned in the previous idea, but still. Even the SXPUSDT price slightly updated the maximum, but so far these are false breakouts. Now, according to the SXPUSD chart, you can see that at the moment strong support has formed at the level of $2.60 , why shouldn't the Swipe price go there again?) And after there, it will be possible to start a long-term super growth in the region of $20 , of course, if the general mood on the crypto market will contribute to this. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
43
SXP forming symmetrical triangle after sell offWe saw a deep correction yesterday and those who were lucky to grab a bag at the bottom are likely taking profits. From this chart analysis (4 hour analysis), we can see that the price is consolidating and forming a symmetrical triangle after a bearish movement. With recent news and FUD from Coindesk stating that south Korea's top financial regulator suggested that Korean exchanges could all be shut down by the fall, I'm expecting price to continue lower. If you're shorting, keep your stop loss to the resistance line. If price breaks below support line, I'm expecting price to target 2.40. We will wait and continue to watch as this symmetrical triangle pattern continues to develop.
Short
by gemelocosta
2