SXPDOWNUSDT May retest 5.00SXPUSD DOWN token trading near its previous bottom of $3.40, may gain strength to form a Bat Pattern and target $5.00 near term.
Small stops placed just under the $3.00 mark.
SXP
SXP/USDTSXPUSDT
Friends who work with this currency I must say
Which is required to enter the price plus
On the failure of the midline resistance line that
I pulled the price channel up and broke at that time
You can easily enter and reach the canal ceiling
Consider profit
Sxp Buy After Breakout #SXP 2H Usdt.. Last Requested Chart ...
Sxp Trying To Create Inverse Head & Shoulder. So Sxp Should Hold Green Box Zone. To Complete This Pattern. Otherwise We Might See A Double Bottom Pattern In Sxp. We Had Another Resistentce Just Above The Head & Shoulder Neckline. So It's Going To Be Hard To Breakout...
SXP/USDT shortThe floor of the ascending channel itself is broken and is in a new descending channel. And in the new support Fibonacci has shown a good reaction
SXP to $10I have been extremely bullish on Swipe (SXP/USDT) for a while and even more so with several upcoming events such as the token burn in August 2021 where the founder of Swipe, JL will burn 10M SXP (currently worth over $25 million) from the Founders unlock. JL has recently burned a whopping 50 million SXP tokens (Valued at $200M) which decreased the total supply by -17.5%. Ultimately, the goal of reaching their deflationary target of only 100M Swipe tokens is nearing, whereby the supply of Swipe tokens will be reduced by over 50% from the current total supply (239.6M). The recent launch of Swipe v2 was very successful and there is huge anticipation for the upcoming SwipeChain testnet launch on July 6th 2021. Fundamentally, the future looks very promising for SXP holders.
Bitcoin's huge -50% retracement from ATH this week resulted in a bloodbath for Altcoins. With surplus FUD circulating the price of BTC flash crashed to $30k, and alts were down over 50-70%. This has provided a great opportunity to buy the fear and secure a long term entry on SXP which has retraced -70% from its local high of $5.87 in early May 2021. The daily RSI has also cooled off and reached oversold levels 30. It is important to monitor BTC closely for now, which has bounced promisingly from the low of $30k already, currently trading at a price of $41650 at the time of publishing this idea. If Bitcoin can successfully regain $42k (200 daily EMA), then I believe the market sentiment will flip bullish again in the short-medium term with eyes on the 21 weekly EMA (at around $46k) being the next major resistance for BTC.
We are already +30% up from my entry at $1.79, which was communicated to my premium group yesterday. Pay close attention to the upcoming resistance levels on the chart highlighted by the red horizontal lines, once these levels are broken and confirmed as support I believe SXP will swiftly rise towards breaking its ATH and reaching our target of $10 which sits below the 2.618 fib extension level. If you are interested in receiving time sensitive entries and market updates in my premium group, follow me on TradingView and send me a message for further information.
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Disclaimer : This is only my opinion and should not act as financial advice, always DYOR (Do your own research).
SXP should bounce hereNow the 5th of the C wave is marking, This should complete the wave 2 somewhere here, and I expect a stronger rebound to the Wave 3 from here. If there is more pressure on crypto and it starts ranging being corrective lower here then it was not a 3 wave correction (wave2) but a 5 wave C wave in overall sub of the wave2, that means the larger wave 2 is extended in the larger abc expanding. Goes lower under 2 probably and shoots up for the wave 3.
I prefer the end of correction here though and buying up from here. But will have to look at a strong rebound in an impulsive way.
SXP/BTC midterm targetSXP is breaking out after a long consolidation to outperform BTC.
The blue line marks my entry level.
The green line marks my planned exit level.
SXP Looks like M?Firstly SXP if didnt hold this summer ATH then we possible got bounce from daily EMA.
I want more!!RSI has broken above resistance and bounced off it as support. MACD is in the positive.
A strong hold of the $3.90 level should signal that we can go back up.
Just what I see though.
SXP BullishSXP is probably in its ascending broadening wedge, confirmation will be after the breakout of the highlighted orange area.
Sxp Usdt Dip Buying opportunity
1st Buy Area 3$ to 2.7$
2nd Buy Area 1.5$ to 1.2$
3rd Buy Area 0.7$ to 0.55
Buy and hold some days for good profit.
Many Goodnews Coming
Comment Below what you thought Thanks
Note to My Self:SXPUSDTEntry point:
1-) Under $ 3.74,
2-) The big money entry point is $ 3.45.
S/L:
1-) Big S / L score: under $ 2.76.
2-) Small S / L point: $ 3.4.
It is not investment advice.
First goal:
$ 6.22 profit take point.
$7,44
$8.6
Do not forget to use SL.
