SXP 12h Where will the price move next: by $5 or by 1.30I n the previous idea, we warned or even wrote directly that it was time to take profits for longs.
Literally after that, the price of SXPUSDT dropped from $3.70 to $1.70 in a few days, which is a hard -50%
Now the SXPUSD price has again approached the $3.60-4 zone
Again, you need to closely monitor the price behavior.
A 1-2 day consolidation above the $3.60 level will give a chance for an impulse up to $5 per SXP
However, if we see false breakouts of the level on the chart again, like last time, then the price of SXPUSDT will first go down to $3.00-3.10
And below this level, a way will open for a fall to $1.3
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SXP
SXP/USDT TRIANGLEHi guys
so i see a triangle for sxp/usdt on binance chart witch i think it needs more confirmations to be sure of it
but its enought for me to belive if btc dont make it fail
ass you see the ressistance and suppurt lines are in the chart and
just be careful the most important thing is to save your money not to make profit
wish you the best
bb
SXP/BTC - ascending TRIANGLE ( UPTREND ?)Hello everyone, analyzed the SXP/BTC pair
an ascending triangle is visible on the trading chart. Possibly - not excluded - this is an expanding rising wedge.
To understand this and take the correct position, you need to wait for the breakdown of one of the levels (red line) - support
Or resistance and support levels - if a flat range is formed.
View position, only after confirmation + Volume
RSI indicator - Looks very bullish.
Go to my free channel and chat with other traders. Link in the description
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
Write your opinion, whether there is a place to buy here, and open a long position
$SXP/BTC 4h (Binance Spot) Trendline BreakoutSwipe at Support and about to Breakout of the Downward Trend Line
Current Price= 0.00004657
Buy Entry= 0.00004389 - 0.00004570
Take Profit= 0.00005342 | 0.00005914 | 0.00006887
Stop Loss= 0.00004122
Risk/Reward= 1:2.12 | 1:3.58 | 1:6.07
Expected Profit= +18.37% | +31.04% | +52.61%
Possible Loss= -8.66%
Estimated Gain-time= 1 month
use Maximum 10 % of the Account
SXPDOWN - Bear Run IdeaThis is my first graph. Obviously done not inappropriate way but the idea is that during the bear run, all these Down's tokens will gain value.
DOWN Token is a representation of - Bear Market.
UP Token is a representation of - Bull Market.
If we look at the UP's Tokens, we'll see that these tokens had a value between 0.31$ and 2$, during the bull run, these tokens increased all the way to 500$. Meanwhile, DOWN's tokens from 15 - 18$ dropped all the way down to almost near 0$. Some of Down token costs 0.07 - 0.008 and others just about 0.000004$.
I think, that during the bear market these Down's tokens will gain their value, and we should see UP's tokens decrease since a 1% change in the underlying asset is about a 3% change in DOWN or UP token.
However, here matter two important aspects:
1. BTC condition:
1.1 When BTC drops or starts correcting itself, all ALTCOINS will decrease as well, meaning that all DOWNS tokens are gaining value. (100 probability).
1.2 When BTC starts to grow/smashing new ATH, then all ALTCOINS also starts to decrease in their value and almost all DOWNS tokens are gaining their value (100 probability).
1.3 When BTC stops growing, stays in the new zone which is near the new ATH then either Altcoins drops or increases (50 / 50 probability).
2. Overall market condition - if it's a bull market - there will be a lot of difficulties to gain profit when there is a bear market - then it should be dead easy.
P.S This is not trading advice, do your own research before investing!!!
SXPUSDTLooks like an interesting coin for now.
It does have the potential to see new highs... I might get into it myself,
but before that, we have to wait and see if it can breakout that resistance (as shown on chart).
After the breakout was confirmed above the resistance, its good to go!
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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Comment if you need a chart 💬
🆓Swipe/USDT Analysis (2/3) #SXP $SXPThe selling force is still strong and dominated, so we should follow the downtrend by selling SXP at 2.4$ zone for the targets at 1.8$ and 1.2$
Only if SXP conquers 2.4$ zone, we will expect a recovery to 3.2$ zone
📅NEWS
👉Apr 30 : V2 Wallet App
👉Jun 30 : Burn & Stealth Releases
👉Jun 30 : DeFi Integrations
👉Dec 31 : Swipe Financial
📈BUY
-Buy: 1.7-1.8$. SL if B
-Buy: 1.1-1.2$. SL if B
📉SELL
-Sell: 2.35-2.45$. SL if A
♻️BACK-UP
-Buy: 2.35-2.45$ if A. SL if B
-Sell: 3.15-3.25$. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"