Sxp Is Completing Cup and HandleFormation target is 7 dollars. If break 4 dollar i'll think buy at retest.
SXP
Cup and handle about to have SXP sent to new all time highs. Get ready. Break of resistance and clear cup and handle on SXP is about to SEND it above to a new all-time high.
$SXP Consolidation under resistance$SXP Consolidating under resistance here we all know what that means....
I think $SXP will be $5 by the end of April
SXP continued After entering at 5500 sats / $3.03 I expect it to consolidate for a few days right below resistance and above the EMA before ripping and starting a new macro trend .
#SXP chartThis is my alternate bullish count version for #SXP #Swipe, sub 1/2 wave of the larger 5th wave is in and we are doing the 3rd at the moment. A large impulse should seal that move if that happens. That green volume pump on 30 MArch made me think there is more to this than just a C correction down. If it turns bullish and breaks the high closing above it, flip to a long.
Trading idea for SXPUSDTI can see a head & shoulders formation. If it works, my target for SXP for the midrange is $5.
Swipe (SXP) : Ready for a major moveSwipe Token (SXP) is a utility based cryptocurrency designed to be the gas and fuel of the Swipe Network. Swipe was founded in 2018 by Joselito Lizarondo with the mission to bring cryptocurrency interoperability with traditional finance and was later acquired by Binance in June 2020.
Binance is the worlds largest cryptocurrency exchange. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
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What does swipe do?
-Users may use SXP towards transaction fees on the Swipe ecosystem of products such as
the Swipe Wallet and Swipe Card. SXP can also be used for discounts on fees.
-SXP token holders have the ability to create proposals and vote for protocol changes on
the Swipe Network. SXP can be bonded within the network to secure the protocol and
receive staking rewards.
-Swipe users can utilize SXP to pay at over 60 million merchants worldwide and transfer
within the Ethereum & Binance blockchains
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Why can SWIPE increase in value?
1. Demand is increasing:
If you DYOR (DO YOUR OWN RESEARCH) you can see here the GITHUB for SXP (Swipe); the GitHub is basically where you can find the coding updates to the swipe protocol.
github.com
As you can see, they are currently working on Swipe Swap, which is going to be a Cryptocurrency exchange powered off SXP Swipe token. Once this Exchange is live and more and more users flock to use it, considering that Swipe is owned by Binance the worlds largest cryptocurrency exchange this can lead to more usage of the token, and when the usage and demand of a token increases substantially it can often lead to higher prices.
Twitter Post by Swipe:
twitter.com
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2. The chart is showing us the sellers are becoming weaker:
Head & Shoulders Pattern:
In the Head & Shoulders Pattern price forms 3 distinct peaks after a strong uptrend, the left and right peak should have a similar height (shoulders), the middle peak (head) has to be the highest or this can not be a HS pattern . They should seem triangular in appearance but as long as it fits the main characteristics can still be a valid pattern.
You can click the above image for a further explanation of this pattern.
General Pattern Failure:
General Pattern Failure occurs when a chart pattern breaks out, fails to hit target, quickly reverses then rejects off that same breakout level back inside the pattern continuing in the opposite direction of the breakout. General pattern failure can also be considered a Liquidity Grab or can be referred to as a “Fake Out” also when it happens more rapidly after the original pattern breakout.
Pictured in the above image, you can clearly see how the price after heading downwards from the Head & Shoulders Pattern, came back inside of the pattern, "failing" it and then proceeding to head upwards from there.
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3. Similarity to BNB Token (Binance Coin):
So the SXP token is coming back inside this Head & Shoulders Pattern support area , we have the potential for the initial downwards breakout to get rejected and fail as more and more buyers flock to SXP. But this is not the first time we have seen something like this happen.
You can click the above image to see the same exact trading setup, a Head & Shoulders into General Pattern Failure, on BNB which is the Binance Exchanges main token. Click on the above image then press play.
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Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas inside the patterns that other traders and investors may be focusing on too, these areas become important psychological levels on the chart & price tends to have strong reactions from these areas.
If you enjoyed the insights you can show your support by commenting & liking - below i have linked 3 other ideas explaining the Head & Shoulders & Inversed version of the pattern for further education.
SXP/USDExpecting April to be a massive month for SXP. The launch of Swipeswap had minimal effect on the price due to bad timing in relation to BTC, but I see no reason why we cant break the ATH set in July last year (in the bear market).
Prior to the extracted fractal we also saw a period of consolidation similar to the period we have had for months before this recent move - expected swipe to break the current upwards chop and spike upwards by the end of April.
$SXP Ready for a bounceLooking for a bounce here on SXP at support. Looks good on both the USDT and BTC pair.
ETH/BTC Also looks ready for a bounce.
SXPUSDT is in the start of its growthSXP is Ready to pump, SXP breaks its dynamic resistance after 207 Days.
SXP can see 7$ & 8$ or even 10$ until end of the April.
SXPUSDT - 240 - Moving Pattern Dear All Hi
Hope All is Well With you
as you know : its NOT a FINANCIAL ADVISE , its Just a PERSONAL IDEA
so here we have :
as you see in chart :
after Pullback to Old ZONE , we have 3.3 as a Short Term Resistance and im waiting to being broke and after breaking this line we can go back to 4.1 , MAYBE !
and in order , there is another possibility to go lower and meet EMA200
my Personal Idea is to Enter the trade after breaking Short Term Resistance
Lets sit and watch
Have a Good TRADay
please LIKE and FOLLOW if you LIKE my IDEA
Regards
PeymanMo
SXP could fly if the channel is respectedSXPBTC could potentially fly, we've had a fake out once and it looks like we're about to retest again. If we can break above the red square, there's nothing but air and could double and almost triple.
risk/reward looks very appealing and the trend is already upwards.
SXP offers %12 profit in short term*we have top level at $3.79
*it is forming ascending triangle formation from bottom
*short term descend trend is broken
*breakout over resistance, as long as we are above short EMA, SXP offer us %12 profit until previous top level $3.79
Please read this first !
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Regards
SXP bouncing to 40%+SXP bouncing. As i looked at the chart, everytime SXP touched the trendline, bounced back 30-40-50%. This all depends about BTC trend, if we see BTC crashing into 48k, we might see a crash here too.
