SXP Targets -- Long term target 7$I have already posted our SXP targets as short-term and medium-term moves targets.
Our short-term target: 2.060$
Our medium-term target: 4.08$
Our long-term target: 7.53$
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SXP
CARDANO AnalysisOn a daily TF, the trend is negative, and the positive point is that it has penetrated the previous floor in the range of $ 1.2, and the downward movement will be weakened. In case of re-correction, be sure to enter in the range of 1/1 and $ 1, and in case of an increase, enter when it breaks the negative trend line and resistance of $ 1.5.
Good Risk/Reward SituationSXP looks really interesting here, and if you're a gambler, this might be a bet worth taking. The bearish case is that we have a large Descending Triangle. The bullish case is that we have Extreme seller exhaustion and may soon be printing bullish divergence. It's important to point out that while normally I would look at seller exhaustion as being a good bullish sign, *extreme* exhaustion can actually be a bearish sign as it can indicate that demand has all but dried up. However, in this market, a small-to-mid cap coin with dried up volume can be very tempting for speculators as it won't take very much volume to generate huge volatility. I think this is a gamble that could pay off big and might be worth a small position here.
SXP/USDT : One of the coins to buy in the major dip ! BINANCE:SXPUSDT [/symbol
Hello everyone 😃
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#SXP has been struggled so mush in many descending channels.
Now there're two sets of major bearish channels in play and the majority would be bearish too !
But considering the liquidity pool at 36K on BTC as our last deep and a proper relief to +56K; I would add #SXP into my holding bag for sure.
The lower Daily Demand looks very stiff and breaking below it won't be easy for bears with #BTC being tighten in downtrend movement !
📚 However I would set an invalidation as any breakdown confirmation below $1.200 and the entry should deep down near $1.300..
- The suggested portfolio engagement is 3% as maximum pool and it's better to catch some of the profits in movement.
The lower Demand could support the pair to break above the smaller descending channel, But still there will be a huge sell off event near above $2.200.
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@Helical_Trades
SXPUSDT Daily TA : 01.10.22 : $SXPAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
SXP near to break out or rejection#SXP/USDT
$SXP is above long term support zone and a weekly candle break out from descending resistance line, to make sure about the break out better to wait break out of last descending trend line that is the same with resistance zone around $2.2 and $2.5
if bulls success to break out form this zone, price will increase toward resistance around $3.5 and if want to touch the target of triangle it can touch $7 and $7.5 in long term.
but if price reject from current resistance zone it can break the support zone and drop to $0.98 and $0.83
SXPUSDT Daily TA : 01.01.22 : $SXPAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01 . 01 .2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
SWIPE (SXP) final hours :) HTF 1D perspectiveHTF perspective - 1D chart
We are at the end of descending triangle, SXP still can go both ways - RIP or UP
UP scenario would be clean break above red TL - retest + hold with not much of a resistance to $3.5 imo
RIP scenario would be R.I.P aka worse than stablecoin.
DO NOT jump in yet imo since SXP has not yet decided its direction, be patient. CHEERS :)
BINANCE Bought Leading Crypto Visa Card Issuing Platform SWIPE !Binance Announces Swipe Takeover!
Swipe is the industry’s leading cryptocurrency Visa card issuing platform that enables users to instantly spend cryptocurrencies at over 70 million locations worldwide.
All current SXP utility will remain unchanged.
I think this is the beginning of something big! they want to build a rival for CRO.
CRO has a mk cap of 14 Billion while SXP only 400 Million at this point.
I think upside potential for SXP is huge from here: 35X just to reach the market cap of CRO!