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SXP

SXP/USDT-A cup with a handle or a potential head and shoulders?Hello everyone, analyzed the SXP/USDT pair In addition, I attach the SXP chart in a pair to the dollar to the recent forecast, which was paired with BTC It is worth noting that the open interest in this coin is very high, this can be seen both in the volume and in the news background It makes sense to look at it in the medium term. Here, too, a huge pattern is almost formed for the continuation of the uptrend " Cup & Handle" Now there is a final stage of formation in the form of the final element "Handle", the philosophy of this action is to accumulate positions, that is, accumulation, before entering the " price liberty zone" The green block on the chart 3.26-2.8$ is the buyer's block, the red block on the chart 5-4.32$ is the seller's block and the final resistance. The chart also shows hypothetical options for further price movement, the meaning of which is the same in the end, just with a different structure of the final accumulation. Why I do this analysis, and point to a possible "head and shoulders" pattern, is because many traders see the "cup and handle" formation. Expectations of a breakout of the level or a payoff from the green block are seen by everyone, so be careful and open a position only when you see a confirmation for yourself, in a particular position. Trade wisely, do not overestimate the risks in trading. Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management. Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading. LINK IN BIO
by CryptoJaegerB
4
SXP AUD heading towards its Support lineOn an hourly chart, SXP shows an upward trend. It has already touched its Resistance point at 5.3 and now moving down. Mostly it will come down to its usual support level close to 4.18. If it does, then my entry will be close to 4.3 with stop loss at 4.083. At its first Resistance level look for a profit of 10% and if breaks R1, then get ready to bank additional 9.4%. Overall potential profit range is 10 - 19%. Expecting it to come closer to its support line in 1-2 days. Note: These are my personal notes and in no way financial advice. Do your own research before trading
SLong
by Manjyot
2
$SXP wants new ATH this weekend and explore price discovery mode#SXP looks lit here! A huge cup and handle pattern is ready to send the price to $5 and higher! The volumes on $SXP are running insane. Let's see where this leads to but expect it to break its 4$ resistance now, An eventual breakthrough this resistance may take this all the way to $6-8$ & beyond. $SXP wants a new ATH this weekend and explores price discovery territory. Squared up with exclamation markChart with upwards trend
Long
by XTenTraders
SXP - Looking very good! 5$ nextHere's a quick look at SXP 4 hr chart. This is one of the few coins that only has done 550% this bull market. SXP will be launching some new stuff such as main-net which will be a big improvement for the project. SXP Is one of those coins that still hasn't taken off yet in this bull market. I see this as one of the few coins that still got 20 to 50x left in this bull market. Its a great project for sure! It will reach 5$ easy in its next big wave. The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart. Targets: 1. 5$ Follow me for daily trading setups BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
Long
by MBM_Crypto