SXPUSD Start of Bullish MomentumSwipe (SXP) has bottomed out at 0.623 and reversed off this level, starting to go long and form its bullish momentum.
What is SXP?
SXP is a cryptocurrency that powers The Swipe Wallet. The Swipe Wallet has been designed to require Swipe Tokens SXP to perform all functions and utility of the Wallet including to use the services and to make withdraws. Users on the Swipe Wallet can buy, sell, and pay with their cryptocurrencies to fiat directly within the Wallet application as well as purchase Gift Cards and make instant exchanges between all supported assets.
Users are able to use their SXP tokens to launch and there are also tiered benefits based on the SXP holding on the Wallet Contract.
Swipe has a circulating supply of ~85M and a total supply cap of 300M.
Entry Targets and TP Levels
Perfect entry on SXP would've been along the weekly support accumulation zone at 0.623 - 0.767. It has already gained the 1.174 level as support going long towards the other TP levels.
Seen on the chart, the next level to take profits i'm looking at is $1.52 - $1.745
The long term target is TP3 at $4.322, the swing high (previous ATH) created in the August pump right before the BTC dump at the end of the month going into September. From that move, it is now reversing, 4 months later.
SXP
SXP is going to swipe upAfter the announcement that there will be a FTX card powered by Swipe, SXP pumped. That move was foreseeable as Sam Bankman-Fried hinted it earlier. Now Swipe is backed by Binance and FTX.
I still think there is a lot of way up for SXP . Interestingly fibs match the resistances quite well. An ATH is to be expected.
Update on SXP/USDT - buy the breakoutSXP broke out. A bull pennant is forming. Watch for the breakout
Everything is bullish atm... So no surprise if this breaks out. In these market conditions, one can buy even before the breakout, but that is not recommended due to the risk that follows. Buy at own your own will.
Will SWIPE - SXP hit ATH again?The SXP/USDT pair has raise from a dip after a turbulent 2020 yearend because of a lot of rumours.
The rumours where, that the SXP price was manipulated. A lot of investors where disappointed and sold their SXP.
We can see now a clear reversal.
We went back above the .236 fib. It found support on that .236 fib and is continue climbing higher.
At the moment of writing XRP becomes a bit overbought. I still think it can go higher because of an announcement that will be made on 9 February 2021.
My targets for the long run:
° 1.608 (.236 fib) DONE
° 2.255 (.382 fib)
° 2.777 (.5 fib)
° 3.300 (.618)
° 4.044 (.786)
° 4.992 (1)
Don't forget to get profit or set alerts when we hit the next fib levels.
You can always buy it back when it tracing back. It will not go in one straight line to its previous ATH (All Time High)
Also keep a close eye on BTC. If BTC starts to pump it is better to move some of your profits in BTC.
Your end goal should always be to increase your BTC amount.
Cheers and have fun.
° Be Patient – Don’t panic – Trade Emotionless.
° Never lose a winning trade. You can always get back in later.
SXP ..amazing profit after my call !SXP / USDT
Hi guys this coin i mentioned it multiple times
It give us around 133+% profit until now
You can check the original call in tradingview in 7 JAN here 👇 :
For those who bought with us you should sell some and hold other by moving stop because it still has more potenial higher targets
SXP - 4h. Good chance for 20% tradeAn interesting situation in the SXP market. On January 27, buyers aggressively attacked the range of $1.24-1.27 . As you can see from the volume and number of attempts to break through this range, the plans of buyers were serious .
It took several days for buyers to buy out the entire offer on the market in a narrow consolidation. After a local test in the range of $1.24-1.27 on February 2, the buyers proved their strength and are ready to push the price higher.
At the moment, the SXP price is in the consolidation channe l. If buyers can consolidate above $1.55 , we will see a sharp rise in price by 20%. The main goal is the range of $1.74-1.8.
An interesting fact is that we wrote about the growth of this coin much earlier in our global idea:
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