🆓Swipe/USDT Analysis (19/4) #SXP $SXPThe buying force is trying to push SXP up to above 3.5$ zone. This is a good sign that it could continue to move up to 5$, 6$ or even 10$ in May and June. But the 5$ zone is very strong that it could have a correction to 4$ zone
📅NEWS
👉Apr 30 : V2 Wallet App
👉Jun 30 : Burn & Stealth Releases
👉Jun 30 : DeFi Integrations
👉Dec 31 : Swipe Financial
📈BUY
-Buy: 3.4-3.6$. SL B
📉SELL
-Sell: 4.8-5.0$. SL A
-Sell: 5.85-6.15$. SL A
-Sell: 9.7-10.3$. SL A
♻️BACK-UP
-Buy: 2.4-2.6$ if A. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Swipe
SXP is tryin HARD to break Swipe Token was forming Cup and handle until red dildo candle formed by BTC
good opportunity to buy now.
Reasons to buy:
💡SXP token is backed by Binance
💡 Swipe team burns SXP tokens periodically
💡Great project, High volume, traded on top exchanges.
if Doge can reach that high, legitimate worthy one can multiply too!
SXP - Buy the breakoutHere's a quick look at SXP 2 hr chart. As we can see, the price has been in the yellow Triangle for some time now and we might see a move soon. If the price break above the breakout level shown in the chart, we will very likely see new ATH - Keep an eye on this!
The idea is: Buy the breakout from the level shown in the chart and Take profits at the levels shown in the chart.
Targets:
1. 5.5$
2. 6.2$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SXP/BTC short term analysisThe immediate direction of swipe depends on how it breaks out of this ascending triangle. If it has a bullish breakout, will be straight to target 1 (0.0001), followed shortly by target 2 (0.000125). A bearish breakout and its gonna drop down to the key psychological support (0.00007).
The amount of volume around the current price indicates a breakout is gonna happen soon, so I think these targets will be hit soon (this or next week).
I'll be waiting for a 4 hour candle close outside of this triangle before I place a trade.
** Fundamentals look great for April and June - Bullish.
SXP/USDT Update: Another 70% are baggedWe got the second perfect trading call and bagged another 70%.
Since we don't have any USDT targets anymore we have to switch to BTC.
We therefore close this series.
I hope you enjoyed it and could take some profits out of it.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
April will be HUGE for Swipe! (USD)Swipe aims to solve one of the problems that were especially prevalent in cryptocurrency prior to this year, allowing users to spend their cryptocurrency in everyday life via a familiar debit card - and get rewarded for doing so. As more and more companies are adopting cryptocurrency as forms of payment, it may seem that the use case of Swipe will diminish, this a partly true. However, Swipe has established itself as a powerful player amongst rivals like crypto.com and the use case is certainly not something to worry about in the short term, especially while we are on the cusp of price discovery with constant developments like Swipe Swap.
TA:
- RSI showing strength especially since we are so close to the all-time high.
- Break out above long term resistance a couple of months ago, flipped to support and sustained
- Accending channel formed, tested the top twice with healthy fallbacks to support and bounces shortly after.
- Significantly more volume since the beginning of the year, peaking in February but picking back up these last few weeks.
- Predicting an Elliot impulse wave either this push up (as seen on chart) or the next one as the resistance becomes weaker. Won't be too hard to get some resistance support flips considering the recent ATH which price discovery was ruined by BTC.
- Consistently being ranked high on the social blade - people are watching this coin, perhaps waiting for it to break out of the channel, pass the recent ATH or waiting for BTC to stabilise before they buy.
- Possible ascending triangle formed within the channel.
FA:
- Swipe swap recently launched, which includes a generic swapping service as well as farming.
- Tied with Binance, which is basically endless money and advertising stream for Swipe.
- Use case is as a debit card where you can spend your crypto in everyday life, much like crypto.com.
- They have had many complaints about the choppy user interface on Swipe swap and appalling customer support, however, I do not see this as something that will hold the price down, most investors aren't affected by these two negatives. I also assume that these things are being worked on.
- No concerns about listings or accessibility for swipe as it is listed and run by Binance and their partners, Binance being the most used cryptocurrency exchange in the world.
Buy big sell BIGGER - Megawhale
SXP big break target setupNormally with camarilla pivots (these are the monthly levels) you want to enter on the break of L4 and restest for H5.
The reason I suggest entry here is because the weekly levels are also setup for possible L3 (range bottom 4.09) to H3 (Range top 4.80) The weekly trade playing out would be confirmation of the maonthly and this may be an early entry opportunity. for a very tight stop could use just under 4 dollars. for loose stop could use this purple monthly pivot point.
#SXP chartThis is my alternate bullish count version for #SXP #Swipe, sub 1/2 wave of the larger 5th wave is in and we are doing the 3rd at the moment. A large impulse should seal that move if that happens. That green volume pump on 30 MArch made me think there is more to this than just a C correction down. If it turns bullish and breaks the high closing above it, flip to a long.
Swipe (SXP) : Ready for a major moveSwipe Token (SXP) is a utility based cryptocurrency designed to be the gas and fuel of the Swipe Network. Swipe was founded in 2018 by Joselito Lizarondo with the mission to bring cryptocurrency interoperability with traditional finance and was later acquired by Binance in June 2020.
Binance is the worlds largest cryptocurrency exchange. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
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What does swipe do?
-Users may use SXP towards transaction fees on the Swipe ecosystem of products such as
the Swipe Wallet and Swipe Card. SXP can also be used for discounts on fees.
-SXP token holders have the ability to create proposals and vote for protocol changes on
the Swipe Network. SXP can be bonded within the network to secure the protocol and
receive staking rewards.
-Swipe users can utilize SXP to pay at over 60 million merchants worldwide and transfer
within the Ethereum & Binance blockchains
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Why can SWIPE increase in value?
1. Demand is increasing:
If you DYOR (DO YOUR OWN RESEARCH) you can see here the GITHUB for SXP (Swipe); the GitHub is basically where you can find the coding updates to the swipe protocol.
github.com
As you can see, they are currently working on Swipe Swap, which is going to be a Cryptocurrency exchange powered off SXP Swipe token. Once this Exchange is live and more and more users flock to use it, considering that Swipe is owned by Binance the worlds largest cryptocurrency exchange this can lead to more usage of the token, and when the usage and demand of a token increases substantially it can often lead to higher prices.
Twitter Post by Swipe:
twitter.com
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2. The chart is showing us the sellers are becoming weaker:
Head & Shoulders Pattern:
In the Head & Shoulders Pattern price forms 3 distinct peaks after a strong uptrend, the left and right peak should have a similar height (shoulders), the middle peak (head) has to be the highest or this can not be a HS pattern . They should seem triangular in appearance but as long as it fits the main characteristics can still be a valid pattern.
You can click the above image for a further explanation of this pattern.
General Pattern Failure:
General Pattern Failure occurs when a chart pattern breaks out, fails to hit target, quickly reverses then rejects off that same breakout level back inside the pattern continuing in the opposite direction of the breakout. General pattern failure can also be considered a Liquidity Grab or can be referred to as a “Fake Out” also when it happens more rapidly after the original pattern breakout.
Pictured in the above image, you can clearly see how the price after heading downwards from the Head & Shoulders Pattern, came back inside of the pattern, "failing" it and then proceeding to head upwards from there.
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3. Similarity to BNB Token (Binance Coin):
So the SXP token is coming back inside this Head & Shoulders Pattern support area , we have the potential for the initial downwards breakout to get rejected and fail as more and more buyers flock to SXP. But this is not the first time we have seen something like this happen.
You can click the above image to see the same exact trading setup, a Head & Shoulders into General Pattern Failure, on BNB which is the Binance Exchanges main token. Click on the above image then press play.
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Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas inside the patterns that other traders and investors may be focusing on too, these areas become important psychological levels on the chart & price tends to have strong reactions from these areas.
If you enjoyed the insights you can show your support by commenting & liking - below i have linked 3 other ideas explaining the Head & Shoulders & Inversed version of the pattern for further education.
SXP/USDExpecting April to be a massive month for SXP. The launch of Swipeswap had minimal effect on the price due to bad timing in relation to BTC, but I see no reason why we cant break the ATH set in July last year (in the bear market).
Prior to the extracted fractal we also saw a period of consolidation similar to the period we have had for months before this recent move - expected swipe to break the current upwards chop and spike upwards by the end of April.