SXPBTC
SXP AnalysisSXP is struggling to break above the baseline on 1hr, and conversion line on 4hr. Which means, it is weak.
The Ichi cloud may be green currently, but if sxp can't break past the lines, it's meaningless imo.
Watch out for crpyto greed, it is weekends so there won't be drastic events but I would watch until market opens on monday.
Have a no stress weekend. How are you going to trade on weekdays if you can't rest on weekends?
Stay safe.
$SXP, staking will push price up$SXP
Another Crypto credit card service on a 1st world country with no real need as a solution for regular life makes me not very excited🙄
Anyway, it will be shilled & staking will push price up
Aim for a retest at ~18600 as support & wait for descending channel breakout
#SXP
SXP/USDT in accumulation or will it break down?
Is SXP/USDT in accumulation ... or will it break down further? Let's figure it out, using market logic.
Whenever you're looking at the chart, always ask yourself "where are the whales selling and buying?"
SXP/USDT peaked at $4.8. A whale unloaded his bag and laughed all the way to the bank.
A person who was "buying the dips" was just catching a slow falling knife.
The bounces are looking weaker but ... look at the volume: its 1.29 million today.
Are whales loading up their bags for the next move up? Or will there be another nasty break down? It's up to the whales. Equally important is what BTC is going to do ...
Things I would love to see:
1. A massive hammer candle with huge volume.
2. A huge break to the down and then a V shape bounce up
3. Massive volume but many small candles (that signals whales accumulating. Kinda like BTC bottoming out at $3.5K with tiny candles but big vol.)
What you can do today
Since SXP/USDT is ranging, I'm longing this to play the bounce. But I'm being careful since an established range has a higher probability of breaking out.
I would like to see this range as accumulation before whales push it up. But I don't want to fall into wishful thinking -- instead, I'll carefully observe the market, trade the range and manage my risk.
Good luck with trading and safe stay my friend, I love you.
Talk soon,
Brian
SXP- Could be starting a new trend after the deep retracementSwipe (SXP) is the crypto card provider offers services in more than 30 countries, including Spain, France, and Germany, competing against crypto.com and Coinbase in the crypto cards market.
On Aug.18, it received the regulatory approval to enter the U.S market.
Still has more room to fall on the daily timeframe. Facing the resistance on the 4hr timeframe.
SWIPE SXP breaking the 5$ resistance to ATH roadmap 10$ possiblPls check the chart this is what i think that will happen. Getting another ATH aint easy road but we will get it.
mainnet + staking August 22 2020
Testnet launching Sept 1 2020
Testnet live sept 30 2020
USA license approved Announcement for BANK partnerships to be look forward
Another region license approval for Swipe announcement
UK swipe cards are being shipped
USA swipe app open on android and IOS - Announcement on Swipe cards release coming in soon
USA LICENSE APPROVAL AND CARD RELEASE = COINBASE LISTING rumored as they are in custody with coinbase
PAYPAL PARTNERSHIP rumored
Large partnerships in ASIAN countries approval
- INDIA
- TURKEY
- PHILIPPINES
- INDONESIA
confirmed.
STAY TUNED
SXP/BTC (Healthy Pullback?)SXP/BTC
-There is new local resistance at 34000 sat range
-After the price falls back to the previous support area
-If there is another Bullish attempt in the making
-A potential retest of green trendline area
-And a strong bounce up to break the downward resistance line
-If that happens, this will lead to more upside scenario
-The initial target is up to the swing high at 44000 sat or higher
-Bearish side, if the candle closes below the green area
-It will lead to a longer consolidation phase
SXPBTCSXPBTC experienced a correction since it's last peak.
It got a good support from Fibo-Ret-0.61 and now we have the reversal.
The First group of resistance ahead are to pass through 0.618, in which looking at RSI and MF it seems pretty easy, and then through 0.78 which could experience some resistance.
But, the first heavy resistance is expected to happen at Fibo-1 (~0.0004, the last peak), if this re-try be suspenseful the next target is ~0.0006 (Fibo-1.6) and after that ~0.0009 (Fibo-2.6).
We can also expect some resistance close to ~0.00055 and a heavier one close to ~0.00075.
Will be updated
BINANCE:SXPBTC LONGBINANCE:SXPBTC just had a high volume breakout combined with a large body high engulfing bullish engulfing candle at a S&R Flip.
Summary
Trend: Strong uptrend
Level: S&R Flip
Candlestick: large body bullish engulfing
Volume: Volume Spike
I'm buying at around current market levels and aiming to take partial/full profit at TP1 depending on market conditions.
This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades.
SXP/BTC - Reload before continuationVery interested in SXPBTC in the reload zone (green box). I believe this has the potential for more upside after consolidation here. Refer to chart.
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