SXPUSDT To The Moon?SXPUSDT (Day CHART) Technical Analysis Update
Waiting for the resistance zone breakout
SXP/USDT currently trading at $1.30
Buy-level: Above 1.35
Target 1 : $1.81
Target 2 : $2.40
Target 3 : $3.20
Target 4: $4.35
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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SXP
SXP [special Crypto Altcoin on Binance] Moon potential - LONG 💣SXP has a very solid accumulation range from which it currently breaks out. It is already the 5th attempt to break through that resistance.
> the more often a level is tested, the weaker it becomes
> the longer the consolidation, the stronger the breakout.
If u put in Moving averages 10/20/50/100/200 on a daily timeframe we would see price is above all moving averages + MAs are curling up which is a very bullish base.
Fot the next month a isee at least a 100% Move here on SXP
SXPUSDT (SXP) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SXPUSDT is consolidating in an ascending triangle pattern.
- This is a bullish build up pattern.
- Price testing the ascending triangle's horizontal resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
- Projected ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
SXP/USDT Potential Triple TopSXP has seen some nice gain in the last couple of days. Since the crypto market is quite bullish right now, I expect it to stay like that for another day or two.
For SXP I expect that the first resistance, R1, will be reached soon. After that, the price will most likely reverse towards the trend line after which it will it will increase again. In case the triple top resistance gets taken out, expect the next resistance to be R2. Do your own DD.
Happy trading!
SXP CryptoCurrency Price consolidating below ResistanceSXP swipe cryptocurrency price consolidating below the resistance zone also cryptocurrency price holding the trend line support really good.
Trading Tips : trend line support is really handy tool in bull market for support and resistance trading.
Ichimoku cloud also turned green and looks ready to move. price can move really high once close above the resistance.
"Ichimoku Kinko Hyo, usually shortened to "Ichimoku", is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves."
You can buy SXP cryptocurrency token below resistance as long as price holding the trend line support .
after breakout of the resistance you can set stop loss at comfortable level. and keep manage your trade.
else you can enter when price make a breakout above the resistance
SXPUSDT UPDATE!!!!!!Hi Traders,
We're currently sitting own a 12% increase just today. No signs yet of sellers taking control. If this trend continues there will be a good entry for a short term long, if not look for an entry back to the downside once more selling takes place.
Thanks
The Market Sniper Team