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SXP

SXP - 6h. What do buyers need for a test of $9?The SXP market has been behaving quite technically lately. Our global idea , which we published on April 8th, works great: As we can see from our last idea, sellers managed to test the critical level of $2.65. At this mark, we see that the SXPUSD price has reversed. Even large volumes did not help sellers to make the correction in the SXPUSDT market deeper. Thus, buyers have proven their interest in continuing the upward trend. If we analyze the daily timeframe , we can see that the prospects for continued growth remain large: But to realize this prospect, buyers need to pass the difficult liquidity zone of $4.9-5.2 . As you can see in the chart, buyers are trying to take control of this range for the third time. The fight for this price zone has been going on since August 11, 2020. This range is a historical high, which buyers cannot confidently update. Taking this fact into account, we do not exclude anothe r local fall wave. This correction should not fall below $2.65. The end of this correction within the current consolidation will be a good signal to buy this coin. However, if buyers do not allow the current wave of growth to stop, we should expect a breakout of the $4.9-5.2 range and its local test. It is in these two cases that we are ready to buy this coin. And now it remains only to wait, which of the scenarios will come true. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
49
SXPUSDTa great alt to have for mid term situations, when you check the chart in higher time frames you will see corrections and sideways for the chart's rest and regain power to get new records, when you observe lower time frames you will find out this coin is just like other coins or its still dipping value, it completely depend on your own vision and observation but if you let us do the work we will publish such a signal for it for staking coin's this one has the advantage of using flexible staking which is different from locked and cold staking, and the investor is able to even trade with its staked money with a lower portion of profit , that's great when even your staked money can be traded too . . . 👉this idea has the confirmation of advanced price action 👉for more information about our services contact me via trading view private chat 👉hit share and spread the information for everybody to get profit
Long
by the-crypto-analyzer
Today I took a trade SXPBTC, one for the longer termToday I took a trade SXPBTC, like my KAVA trade this is one for the longer term. I expect lots of alt coins to go up significantly, I want to be in there to gain more Bitcoin. Previous resistance turned support and there is a breakout of the bull flag/pennant. The EMA 21, 50 and 200* are respected. (*I trade on Binance, and because there is less history, the EMA 200 is not correct. To see the correct EMA 200 look at Kucoin. Then you will see that the EMA 200 is between EMA 21 and 50) The previous high of SXPBTX is around +525% My stoploss is 1 ATR under the previous low at 0.00005437
Long
by TradingDutch-com
2
$BTC/USDTIf we we're able to break this triangle pattern, the market could recover from it's dump. If $51,000 breaks, we could predict for another leg up for bitcoin and in some other alts. Alts market cap is still looking good, btc.d is below 53. Hoping that bull market cycle isn't finish yet. But please, always put stop loss from every trade. Trading alts now is very risky at the moment. I would suggest, wait for the retest of 51k if it breaks before longing any alts and btc. If we failed to break that resistance, we might go to 40-43k level. alts would be bloody, make sure to have an exit plan before it happens. Trade with a plan, and plan your trade. Trade responsibly
by CryptoProfessor
2
CHZ/USDT MARKET CYCLE EXPLAINED Good day!! Green weekdays ahead. In my technical analysis, in this chart explains the market phases. It is very important to study about these phases to increase your win rates in trading and also to avoid to be in distribution phase. as of now I'm very bullish on CHZ/USDT. In this chart, 2 cycles occurs. as of today, i guess we're on accumulation phase of the market and i guess it is ready again for it's mark up for it's 3rd cycle of the market. trade responsibly. Trade with a plan.
Long
by CryptoProfessor
SXP 1D Need fall by $2.60 so that later grow to $20Well, the goal of $5 has been achieved , a little not as planned in the previous idea, but still. Even the SXPUSDT price slightly updated the maximum, but so far these are false breakouts. Now, according to the SXPUSD chart, you can see that at the moment strong support has formed at the level of $2.60 , why shouldn't the Swipe price go there again?) And after there, it will be possible to start a long-term super growth in the region of $20 , of course, if the general mood on the crypto market will contribute to this. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
43