SXP
SXPIt is in the ascending channel in weekly and daily timeframes. However, due to the large width of the channel, it is possible to oscillate in 4-hour and 1-hour time frames.
It is currently between 1 and 4 hours of support and resistance.
Strategy 1: If it stays in the downward channel for 1 hour, you can expect a fall.
Strategy 2: If, in addition to the 1-hour Neroli channel, it can break the 1-hour resistance range, it will operate according to the Fibonacci expansion rule and will climb to 161.8%.
Long Swipe ($SXP)Looks like a possible Cup and Handle formation, which if correct would indicate a target of around $8. Fib extensions suggest a possible target of $6.90. Since I don't know 1) really anything about what this token is and 2) I don't use C&H much and also since 3) the market has had a few dips during the last couple days I will keep a tight stop loss and only open a small position.
In either case if BTC and the alt market continues to look strong I will probably add to this as this was in an obvious strong recent uptrend.
SXP is so STRONG!!!Every single mother flippin dip gets bought right back up.
Would be a dream if this appreciates like BNB has now that Binance owns them. Just bought more at $4.88
Beware if BTC starts to roll over and breaks below 53k again.
We are playing with fire a little bit, but if BTC is bouncing then Alts are FLYING!
Swipe is gonna breakoutSwipe has a strong resistance above, but for the first time Sxp isn't overbought when it is near the resistance. I think now is the best chance for Sxp to break the resistance, if the resistance is gone Swipe is gonna fly.