SXP / BTC — 1d chart analysis [Head & Shoulders] Price of SWIPE in developing of Head and SHoulders setup. Looking for sell near 19900 zone.
SXP
A perfectly executed SXP shakeout with imminent reversalBinance are masters of marketmaking and painting charts. They brought SXP to a nearly full retracement from its major run and have shaken as many people as possible out. As we approach new week starting from 21 September, we may expect - but not necessarily get - one last scam wick downwards to hunt for stoplosses and force utter capitulation of SXP holders before starting a full-scale reversal, possibly coinciding with weekly closure. Despite all the scary news and FUD, Binance and Swipe team still hold a large percentage of SXP coins and likely to keep charts perfect they will not allow decimation of the support floor currently found around 13200-13600 sats, in order to keep the overall long term upward trend intact. Full recovery seems plausible within 5 weeks. Further price action will depend on FA releases. Given the level of FUD against Binance and Swipe, it does seem likely like a coordinated campaign to shake out holders who forgot that barely a month ago Swipe was viewed as a Unicorn. If it's a Unicorn defi powering the largest crypto credit card by far (basically all binance customers), is it reasonable to assume it peaked at 350m USD? Is it also reasonable to forget CRO's marketcap is still 3.5b USD?
Shakeout perfectly executed. Reversal commencing around weekly closing/opening. Risk/reward is 1:4 within 1 month.
SXP/BTC Bounce from supportSXP bounced from support. Watch that diagonal trend line. If it breaks, huge potential to hit 0.5 fibonacci.
SXP looking real good! Possible cup and handle forming. Take the trade as it comes. It has a solid floor 13800 sats. Low risk at a buy here, risk management is what should be
at the top of your list in trading. Risk 1 dollar to make 3 to 5x in a swing trade. the RSI also formed a low at 35. It should only go up from here in especially in a bull market.
Happy trading
CZ won't let it die!Evening ladies and gentlemen, happy weekend!
I gotta be honest, lately it seems like the weekends are being more profitable for me, so I hope we all have a great trading weekend!
Swipe... this is what I think about this coin: Just like BNB, CZ won't let it die, period!
It put a massive double bottom, so to me its an easy buy.
Anything and everything changes when BTC changes, you know that right?! So it doesn't matter if the coin has a good setup and even knows behind, XTZ put out news the other day and it didn't even flinch!
Pay attention to the market!
Trade thirsty, my friends!
SXP/BTC (Testing Last Area of Support)KUCOIN: SXPBTC
-SWIPE is now testing the last key support area at 13500 sat
-This level is very important because it will decide its midterm future
-On the good side, it is trading inside this Bullish descending channel
-The pattern is unconfirmed until it manages to break upside
-Is it good to enter now an anticipate a breakout soon?
-Yes as long as you will have proper allocation and stop-loss level
-But my best advice is to wait to form a base of support
-And also, patiently wait for the breakout confirmation
-With this, you will reduce the risk and have a good stop-loss area
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$SXP, Not able to hodl ~25k sats level $SXP
Not able to hodl ~25k sats level after breaking from descending trendline...
I would expect further downside toward ~18k sats (current BTC activity does not help either)
UCTS Showing sell signals all low timeframes (12H & lower)
#SXP
Thoughts about SXP/USD and other altsTake your money back and leave the shitcoin market if you haven't done it already.
Look at the Swipe, a poor situation, the same will happen for the rest of the hype altcoins this year.
As we said earlier, the altseason is over.
Swipe is now heading towards its starting point, around 80 cents. There is a possibility of a technical rebound from current prices, but you shouldn't take it seriously.
By the way, the ATS strategy took its profit without any doubts.
SXP was it a serious scam?Price action so poor you wonder how that pumped so hard. In a falling wedge now. Hopefully the market will push it upward for a breakout. Otherwise another 30% drop.
Bullish DIVERGENCE on SXP/BTC 4HR There is a hidden bull div in SXP/BTC 4HR might be a good idea to go long on futures
SXP - Pray support holdsSXP has seen a pull back over the last few days. As Bitcoin remains volatile, altcoins will continue to bleed. If Bitcoin sees a strong pull back, say goodbye to altseason. Look for SXP to find support in the ~14000 sats area.
$SXP Swipe daily possible scenarioSXP daily might be a 5 waves diagonal triangle, as wave 3 extended, wave 5 might truncate.
Target 1: 3.26
Target 2: 5
Target 3: 7.2 or higher if above wave 3 top.
SXPBTC (Swipe - the Crypto.com main competitor) perfect buy zoneIts time to accumulate SXP before it starts to go up,great fundamentals and TA signals
