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SXP

$6 SIX DOLLAR SXP STILL A POSSIBILITY!TL;DR -Watch for restest of horizontal support -Target $4.19 as first target( sell initial investments) -Watch for succesful retest of D1 resistance or purple trendline and add to positions -Target trendline resistance as second target ($6.5+) As we know, I put out a trade idea for SXP recently saying it could reach $20 this cycle and $89 in the long term. However, Bitcoin seems to have crashed that party and had our idea invalidated/delayed in the process. Not to worry. In this Idea I will show you levels I'm still watching for the "dinosaur coin" (as one of my comrades would describe it) Diving into the chart above, we can see that SXP has strong resistance at the $3 level and $4.19 level and even got rejected several times at those levels, but i failed to point that out in my last analysis(which is linked below btw). Furthermore, we seem to have formed a strong support level at the $1.27-1.3 area with multiple wicks below. Looking at the dotted trendline (our major trendline when plotted on a log scale) seems to be where price bounced off most of the time, but now it has been breached due to recent events. Plotting a second trend line on a regular scale (lower black trendline), we see price seems to have formed a new trend support and aligns perfectly with our support region @$1.3 levels. Zooming in, we can also notice that a range has been formed within our resistance and support levels ($1.27-$4.19). Also everytime we touched the lower trendline, we managed to make it back to the higher resistance trendline at ath levels, but the move back in may only touched horizontal support and not the lower trendline, hence $4.19 coming into play for rejection. Main Trade Idea: Watch for a retest of the $1.3 area(or enter now if it suits you) and Target $4.19 as the first target to sell half of your holdings or your initial investments (whichever one you prefer) and target trend resistance as the second target (around $6.5) On reaching the first target, you can watch for a retest of the D1 resistance and see if we get and S/R slip there to add to your positions, or wait for a retest of the purple trendline breakout. As always, if you agree with this idea, comments and likes are a great feedback.
Long
by RektMyMom
10
$SXP PERP WAITING FOR A LONG POSIt is unclear what BTC will do, so it is risky to open a long trade right now, I will use the Inverse Head and Shoulder Pattern as an opportunity to open a long trade, which might form at the bottom, if the prize drops between $1.40 - $1.50. Even though the formation target is $2.11, I set $2 resistance level as my target. Good luck to everyone in their trades. BTC nin ne yapacağı belirsiz, o yüzden şu ara işlem açmak riskli ama ben BTC 48000 üzerinde tutunacağını düşünerek SXP nin $1.40 - $1.50 arasına geri çekilmesi ile dipte oluşacak OBO yu long işlem açmak için fırsat olacak kullanacağım. Formasyon hedefi $2.11 olsa da öncesindeki $2 seviyesini kendime hedef olarak belirlerim. Herkese işlemlerinde başarılar.
Long
by alplaila
SXP $89LONG-TERM TARGET! $20 SHORT-TERMIn the chart above we can see that sxp is currently testing support of its ascending trendline while also in an ascending triangle. Also worth noting, currently nearing the end of its wave II correction a breakout to the upside will give us a target of at least $19 to complete the wave III. After which a correction should see us find support either at Prev Ath at listing (RED LINE), or recent ath which coincides with top of the ascending triangle (black trend resistance) to complete the wave IV correction Once wave IV is done, potential price target is $89! Pls note: RED bottom trend support is a potential target for a wick in the case BTC sees a sell of, backed by volume as well. I am a firm believer of this project and do think it will pull similar price actions to that of BNB. Furtheremore the fundamentals of this coin is very solid and has widespread adoption itself already Below is a realated idea explaining the ACBDE wave structure.
Long
by RektMyMom
SXP/USDT SXP$Sxp/usdt Long direction Futures/Spot Spot buy :- 10% For market price 30% at 1.38$ 60% at 1.14$ Sell :- 2.3$ , 3.9$ , 5.4$ , 10$. Sl :- no need for long tem holders 0.95$ for midterm holders . Futures: - Buy :- 1.38$ - 1.14$. Sell:- 2.3$, 3.5$, 3.9$. Sl :- 1$ LEV:- 2x-3x only with tight sl SXP$ is strong fundamental coin and backed by ftx ta looking good and rsi also good thats to in the major sujpport area accumalate if you want. NOTE:- invest only what you afford to loose and this is just my view please do your own research.
by Alexanderaravind
🆓Swipe (SXP) Dec-28 #SXP $SXP . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 1.4$ zone 🔴Buy : 1.5 - 1.4 🔴Sell : 1.8 - 2.1 - 2.4 - 2.7 📈BLUE PLAN ♻️Condition : If 1-Day closes BELOW 1.4$ zone 🔵Sell : 1.4 🔵Buy : 1.2 - 1 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
$SXP DAILY CHARTLooking at the SXP daily chart, the green zone appears as a buying area. With the breakdown of the ongoing downward trend from May, the price will try to pass the red areas in order. It should not be forgotten that these red areas will appear as resistance and are good areas to take profit. Looking at the shorter time frame (4 hours), the $2 level seems to be the first target. With a two-day close below the green area, the trade should be stopped. SXP günlük grafiğine bakıldığında yeşil bölge alım alanı olarak karşımıza çıkıyor. Mayıs ayından süregelen düşen trendin kırılımı ile fiyat sırası ile kırmızı alanları geçmeyi deneyecektir. Bu kırmızı alanların karşımıza direnç olarak çıkacağını ve kar almak için güzel bölgeler olduğunu unutmamak gerekir. Daha kısa zaman diliminde bakıldığında ( 4 saatlik ) $2 seviyesi ilk hedef olarak gözükmekte. Yeşil alanın altında iki günlük kapanış ile işlem stop edilmeli.
Long
by alplaila
3
SXP POSSIBLE LONG & SHORT SCENARIOSXP is currently trading under resistance, A move down will see us revisit support at $1.3 level, while a break above current resistance @ $2.6 and a successful retest would see us revisit price levels of $4.1 and higher. If there's anything losing my $1000 capital has taught me, it's wait for confirmation always. Starting again with $40. Hoping to turn this into at least $500 before EOY. Sidelined since the start of september. Stay Safe folks and don't FOMO.
by RektMyMom
3
SXP - Bounce?? 🤔SXP has recently bounced off the triple bottom as indicated on the chart. Ideally we'd want a strong daily bullish engulfing candle to indicate a full reversal - which we didn't. This is why it's important to be cautious when entering longs from here. The best place to enter would be the 0.60 area where we have a strong level where price started its bull run. IF we do get back down to 0.60, enter with stops below that level. For now, we can look for bull flags on lower timeframe to take SXP back to the wedge resistance. Goodluck!
by Altsignals
2