Swipe
SXP - Looking very good! 5$ nextHere's a quick look at SXP 4 hr chart. This is one of the few coins that only has done 550% this bull market. SXP will be launching some new stuff such as main-net which will be a big improvement for the project. SXP Is one of those coins that still hasn't taken off yet in this bull market. I see this as one of the few coins that still got 20 to 50x left in this bull market. Its a great project for sure!
It will reach 5$ easy in its next big wave.
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 5$
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BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
SXPUSDT (SWIPE) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SXPUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
SXP getting ready to flySwipe price is now fighting against strong resistance zone. If we break this level, we can see a major pump here. In the last days we have retested strong support zone (100 EMA, support zone and bottom trendline) and gained pretty good momentum. The best entry will be after breaking and retesting the resistance - I'll be looking for an entry here. Depending on when you want to take the profits, most reasonable stop loss levels are below the current resistance or below the trendline.
(Not a financial advice)
Completing Cup and Handle pattern in Swipe (SXP) ?SXP may be experiencing a Cup and Handle pattern started 02/09 the first upper part of cup, following the bottom in 02/28, one could argue that 02/23 is the bottom but I considered the first because of the Fibonacci requirement and Lower Volume, the second upper part of the cup 03/11 which trys to break the previous local top (02/09) following the Handle.
The probability is higher when these requirements are met:
Volume must be higher in Tops, and lower in bottom and handle;
The handle should go down to 50% retracement from the bottom.
Other Indicator which may shows a beginning a of a up trend in this context is MACD (4h) aiming MACD line to go above limit 0 (zero) of Histogram after 14 days.
And MFI crossing 50 points (at time I write this) almost nothing for a price close to local top compiling with these indications of a uptrend.
The breakout must break Resistence at 3.288 and 3.35 and the last 3.79 (the upper part of cup).
If you were convinced, a stop-loss must be allocated in TOP the candle which touched the 50% retracement 2.96$ depending on your risk averse.
A Take-Profit on Amazing ATH, why? because in Cup and Handle pattern the exit is the size of bottom of cup to the handle breakout, in our case it goes more or less to known price of 5$ dividing profits along the way.
SXP - 5$ in the next big wave?Here's a quick look at SXP 4 hr. chart. The price action has been forming a bigger cup & handle, and in time of writing this post, the price is breaking out from the handle. Our first big obstacle will be to get through 3.8$. Keep an eye on this one.
One thing to note here is that the price has been falling as well as the volume - thats a bullish sign.
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BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
SXP.USDT (Y21.P2.E1).Cup and HandleHi Traders,
This is an odd chart but the shape fits, it might be just that.
If you look at the rest of the history of this, its even more puzzling.
If this ever brakes the top neckline, this could be a huge opportunity.
We have the daily and weekly resistance level above.
Phoeix indicator on the daily is still below 50%
All the best,
S.SAri.
SXP/BTC - Cup and HandleLove the look of SXPBTC and SXPSUDT here. Cup and handle chart pattern on both pairs, coupled with some strong fundamental news coming out.
The longer the accumulation, the bigger the pump. Excited to see where this one goes.
Good luck!
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SXP 12h Where will the price move next: by $5 or by 1.30I n the previous idea, we warned or even wrote directly that it was time to take profits for longs.
Literally after that, the price of SXPUSDT dropped from $3.70 to $1.70 in a few days, which is a hard -50%
Now the SXPUSD price has again approached the $3.60-4 zone
Again, you need to closely monitor the price behavior.
A 1-2 day consolidation above the $3.60 level will give a chance for an impulse up to $5 per SXP
However, if we see false breakouts of the level on the chart again, like last time, then the price of SXPUSDT will first go down to $3.00-3.10
And below this level, a way will open for a fall to $1.3
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$SXP/BTC 4h (Binance Spot) Trendline BreakoutSwipe at Support and about to Breakout of the Downward Trend Line
Current Price= 0.00004657
Buy Entry= 0.00004389 - 0.00004570
Take Profit= 0.00005342 | 0.00005914 | 0.00006887
Stop Loss= 0.00004122
Risk/Reward= 1:2.12 | 1:3.58 | 1:6.07
Expected Profit= +18.37% | +31.04% | +52.61%
Possible Loss= -8.66%
Estimated Gain-time= 1 month
use Maximum 10 % of the Account
🆓Swipe/USDT Analysis (2/3) #SXP $SXPThe selling force is still strong and dominated, so we should follow the downtrend by selling SXP at 2.4$ zone for the targets at 1.8$ and 1.2$
Only if SXP conquers 2.4$ zone, we will expect a recovery to 3.2$ zone
📅NEWS
👉Apr 30 : V2 Wallet App
👉Jun 30 : Burn & Stealth Releases
👉Jun 30 : DeFi Integrations
👉Dec 31 : Swipe Financial
📈BUY
-Buy: 1.7-1.8$. SL if B
-Buy: 1.1-1.2$. SL if B
📉SELL
-Sell: 2.35-2.45$. SL if A
♻️BACK-UP
-Buy: 2.35-2.45$ if A. SL if B
-Sell: 3.15-3.25$. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"