SXP crab, butterfly or bat?#SXPUSDT
$SXP is trading above support zone. there is a resistance zone that is the same with a descending resistance line around $2.9. if price hold the support and break out from descending resistance, it will head up to complete one of the patterns in chart. Bat at $5.4 - Butterfly at $6.2 - Crab at $8.
and if price break down the support zone this scenario will be invalidated.
SXP
₿ SXPUSDT 1D ₿ : 19.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 19.Oct.2021
⚠️(DYOR)
SXP above support#SXPUSDT
$SXP is above a long term ascending support line, which is the same with a support zone. if price hold this support and go upward it is possible to break the descending resistance line and touch $4.5 that is a resistance zone.
but if price break down the support zone. target of bears can be $0.7 and even $0.3
SXP - The Parabolic CurveIn our last SXP analysis we were short from the bearish pennant. We met our -0.27 fibonacci target and turned bullish.
We saw a double bottom indicating that price is reversing. We also have what looks to be a parabolic curve support. Watching for the next retest of the trendline or structure for another move up!
Swipe SXP poised for a bull run!A bullish Navarro200 harmonic is presented and a deep retracement to the first higher low. Then, another higher low with another deep retracement (after what looks like a possible bullish deep crab on the 4hr) leading to the next higher low. An entry could have been made on the 2nd low, but there is plenty of upside still if it can get above $2.57ish where there some resistance. To sweeten the deal, there is hidden bullish divergence on BOTH the MACD and RSI. I also like the fact that higher lows have been made ever since Dec of 2019. Its very possible to see the price reach up near A of the harmonic if resistances can become support!
🆓Swipe (SXP) Oct-3 #SXP $SXPSXP has good buying force at 2.3$ zone and it could move towards 2.7$, 3.5$ and 4.4$ zones in this October. But if it loses this 2.3$ zone, it will fall down to 2$ zone again
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 2.3$ zone
🔴Buy : 2.3
🔴Sell : 2.7 - 3.5 - 4.4
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 2.3$ zone
🔵Sell : 2.3
🔵Buy : 2
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
SXP - Bearish Pennant 🔺🔻The massive drop recently changed our bias from Bullish to Bearish on SXP. Only until we see a big bullish convincing move.
We appear to be in a bearish pennant correction. The fibonacci extension of -0.27 lines up with the breakout area from late july when we had the big bullish move.
It is possible that we may be revisiting that price soon before the next bullish phase. Looking to short SXP back down to the 1.90 level.
SXP USDT pullback happend!!Yesterday i saw this coin getting pumped, unfortunately i was to late and i didnt wanna risk to get in high so i waited for a pullback. If the pullback didnt happen i won't enter and forget about it but today the pullback happend!!
Before i enter i wanna make sure that bitcoin wont fall down so im waiting for bitcoin to make a little leg down and a confirmation back up, After that i will enter SXP if not i will enter with a small risk because i dont wanna miss it (FOMO)
have great day and stay safe its not clear what bitcoin wants to do fall or rise? what do you think let me know ;>
dont take it as financial advice