SXP/USDExpecting April to be a massive month for SXP. The launch of Swipeswap had minimal effect on the price due to bad timing in relation to BTC, but I see no reason why we cant break the ATH set in July last year (in the bear market).
Prior to the extracted fractal we also saw a period of consolidation similar to the period we have had for months before this recent move - expected swipe to break the current upwards chop and spike upwards by the end of April.
SXPBTC
SXP could fly if the channel is respectedSXPBTC could potentially fly, we've had a fake out once and it looks like we're about to retest again. If we can break above the red square, there's nothing but air and could double and almost triple.
risk/reward looks very appealing and the trend is already upwards.
SXP/BTC LongSXP/BTC looks like it is going to make a nice move
within the coming weeks:
MA30 has bullishly crossed above the EMA100
for the first time ever and is now acting as
support.
A lovely inverse Head and Shoulders has been
printed and we can expect, once price has
confirmed the S/R flip of the neckline around
.00006791, that price will continue upward
toward the iH&S target of
.00011629
Ichimoku is bullish:
-Kumo cloud is green
-Tenkan is above the Kijun while both above the cloud
-Laggin span is above cloud and price
-Kijun temporarily acting as resistance, however
price is being squeezed between the Kijun and MA30
and with the rest of the chart looking bullish, it
seems likely Kijun resistance gives before MA30
support does
SXPUSDT (SWIPE) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SXPUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
SXP getting ready to flySwipe price is now fighting against strong resistance zone. If we break this level, we can see a major pump here. In the last days we have retested strong support zone (100 EMA, support zone and bottom trendline) and gained pretty good momentum. The best entry will be after breaking and retesting the resistance - I'll be looking for an entry here. Depending on when you want to take the profits, most reasonable stop loss levels are below the current resistance or below the trendline.
(Not a financial advice)
SXP ( new ATH possible ?)SXP / USDT
one of coins that show strong volatility
In weekly chart we can see only growth and keep flipping strong weekly resistances into supports
If it can hold the current weekly support between
( 2.7$-2.5$ ) So we can expect another growth toward ATH or higher
If not then will test the lower support again which is less likey to happen here but also not excluded so dont let your guard down
Now i keep looking at weekly candles closure
ATH NEXTSXP looks really good, one last resistance ahead (blue box), price needs to close and consolidate above, and I see almost no resistance for a new ATH.
This coin never had a proper bullish cycle and still looks in quite a early stage, so is a perfect pick imo. I'll be buying any pullbacks, aiming for those objectives in chart.