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.
SXP/BTC DOWNTREND PARALLEL CHANNELHello people!
SXP/BTC chart looks like after this DOWNTREND PARALLEL CHANNEL another breakout will come. I will look for a new long option after this breakout with confirmation :-) are now in the 4 hour chart already failed at the resistance times but the breakout will come. But it does not look so bad. In SXP/USD today we have already seen a very nice PUMP, think that we soon break out in SXP/BTC :-)
Good luck with the trade :-)
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SXPBULL LONG #SXPBULL/USD LONG
sxpbull really lost a lot to sxp/usd
last times we were about 300 and 100, now we are at 15.
if sxp were to rise to 10 $ we could return to zone 100..
Don't expect movements like on bnbbull - ethbull etc..
if there are sudden drops we will go back towards 3 and the situation becomes difficult there..
(I remind you that these tokens are not for the long term.. unless you are willing to lose everything even in the swear of a couple of days XD).