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SXPBTC

SXP / USDTSXP / USDT In late may SXP lost uptrend line as a result it dumped hard Finally we see some action of bulls at weekly demand between 1.9$- 1.67$ I really like the project in long term but when coin dumped by more than 50% we cant expect it go up fast again it need some sort of long time of accumulation first Expectations : sideway movement ...what i hope bulls hold weekly demand and bulid base Support here before moving up Things can turn very bearish if we lost weekly Support by weekly candles ..in which mean more dump to past accumulation zones Good luck
by Babenski
18
SXP - Short to $1.37It has been a while since I visited this chart but sitting on USD I'm looking for a new long entry on SXP. - These lines have been in since end of 2020 just before the parabolic run in ALTs. They still seem to be playing a role in support and resistance. - Looking at the general market price action I think SXP will test the support line once more when BTC starts running in about a weeks time - Long will be from a target of around $1.37 and coincidently form a local double bottom. SXPBTC target 0.00003602 - Target $2.85 Best, Hard Forky
Short
by hardforky
2
SXP to $10I have been extremely bullish on Swipe (SXP/USDT) for a while and even more so with several upcoming events such as the token burn in August 2021 where the founder of Swipe, JL will burn 10M SXP (currently worth over $25 million) from the Founders unlock. JL has recently burned a whopping 50 million SXP tokens (Valued at $200M) which decreased the total supply by -17.5%. Ultimately, the goal of reaching their deflationary target of only 100M Swipe tokens is nearing, whereby the supply of Swipe tokens will be reduced by over 50% from the current total supply (239.6M). The recent launch of Swipe v2 was very successful and there is huge anticipation for the upcoming SwipeChain testnet launch on July 6th 2021. Fundamentally, the future looks very promising for SXP holders. Bitcoin's huge -50% retracement from ATH this week resulted in a bloodbath for Altcoins. With surplus FUD circulating the price of BTC flash crashed to $30k, and alts were down over 50-70%. This has provided a great opportunity to buy the fear and secure a long term entry on SXP which has retraced -70% from its local high of $5.87 in early May 2021. The daily RSI has also cooled off and reached oversold levels 30. It is important to monitor BTC closely for now, which has bounced promisingly from the low of $30k already, currently trading at a price of $41650 at the time of publishing this idea. If Bitcoin can successfully regain $42k (200 daily EMA), then I believe the market sentiment will flip bullish again in the short-medium term with eyes on the 21 weekly EMA (at around $46k) being the next major resistance for BTC. We are already +30% up from my entry at $1.79, which was communicated to my premium group yesterday. Pay close attention to the upcoming resistance levels on the chart highlighted by the red horizontal lines, once these levels are broken and confirmed as support I believe SXP will swiftly rise towards breaking its ATH and reaching our target of $10 which sits below the 2.618 fib extension level. If you are interested in receiving time sensitive entries and market updates in my premium group, follow me on TradingView and send me a message for further information. Be sure to follow me here on TradingView if you want to receive future updates and SL adjustments for this trade and many more. Disclaimer : This is only my opinion and should not act as financial advice, always DYOR (Do your own research).
Long
by TheBitcoin
2
Rounded Bottom pattern idea for $SXP against BTCThis is a personal research and idea for investment. DYOR and TIT... This is Swipe $SXP coin against BTC pair on a daily chart . ABBREVIATIONS Rounded Bottom (RB) Parabolic Curve Theory (PCT) Price Action (PA) BTC (Bitcoin) T/K (Tenkan/Kijun; Blue/Yellow lines) Sats. (Satoshis) :::DISCLAIMER::: This is a mid-term pattern that will develop exponentially growing price action as it starts to close the cup. It has the characteristics of a PCT structure as it tends to range at key Fibonacci levels for PCT. As I'm looking at this chart and describing my idea I'm very conscious that events like news catalysts and BTC volatility can deviate it off its course and make price action break out of pattern invalidating or at least demanding a reassessment of the idea. TIME/PRICE PROJECTION Pattern start: Mid-Aug 2020 Estimated end: Early-Aug 2021 (almost 3 months from publishing) Price tag at time of publishing: 8,150 sats. Expected price tag at end of pattern: 36,700+ sats. Safe trailing take profit area: Recommended trailing take profit at 35,700 sats. TECH INDICATORS Ichimoku indicators: -Bullish Kumo cloud setup with PA on top of it. - Bullish Tenkan over Kijun Sen. - T/K cross up the first days of May, also bullish nuance. - Chikou lagging span heading towards PA, bearish nuance, probably due to recent correction. - Parabolic SAR on top of the PA, bearish nuance. PA has corrected down to the .500 fib from previous impulse move and is currently bouncing up as it closes in against the curved wall of the pattern. Trade at your own risk... NEWS CATALYSTS AND BTC VOLATILITY Technical paper will be released as of May 30th according to @Joselito, Swipe founder. Affected by BTC dips. EXPECTATIONS I expect a completion of the pattern if BTC doesn't pull PA out of pattern. If it does, this idea may need to be revisited. ATM there's a measured move if PA breaks out of the bull flag shown in the snapshot below. Measured Move equals about 605 profit. FINAL NOTE Drawing may need some minor adjusting as the pattern develops.
Long
by AponSOKS1978
SXP - Looks weak! (As you asked)The is a support area holding the price up but the demand volume isn't that high, so there's a possibility of more correction. Short your positions if it crossed the support area with a dump confirmation. However, if the price pumped up and crossed the resistance area, open long positions and aim for those 2 Targets based on your risk level. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
6
$SXP is ready here with many others #Swipea perfect 1:1 abc correction swiped the lows and almost touched the GZ of the subwave 1. This was one of my previous options and with the rejection at the top of the subwave B and selling volume coming expected this BTC driven drop. There might be one more leg down but I dont see it going lower than the GZ highlighted. BTC can go into lower area as well. More importantly this is a perfect buy zone for SXP, and if it again touches the lower 4s its a no brainer buy into imo, with little downside risk. Potential is to the tens of highs could be significant from here. I expect a wave 3 from here in an impulse turbo mode.
BINANCE:SXPUSDLong
by tempertrade
#Swipe my roadmap #SXPThe ltf structure is in a descending triangle on #SWIPE, and I still have a few options how this can play out. My primary is the green line is that we break that triangle now upside and we are moving to the third wave in large. Alternatively if it breaks down it can go tap lower to compelte a subwave 2 of the larger wave 3 and still move up, or it can do a LL and only complete the larger Wave 2 before it heads up to the impulse. I am still holding and long with SL in, targets are above $10 for now. I expect that triangle to break up soon in the next few hours with retesting, then long more, will update on that on my twitter.
BINANCE:SXPUSDLong
by tempertrade