SXPBTC
SXP/BTC - ascending TRIANGLE ( UPTREND ?)Hello everyone, analyzed the SXP/BTC pair
an ascending triangle is visible on the trading chart. Possibly - not excluded - this is an expanding rising wedge.
To understand this and take the correct position, you need to wait for the breakdown of one of the levels (red line) - support
Or resistance and support levels - if a flat range is formed.
View position, only after confirmation + Volume
RSI indicator - Looks very bullish.
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Have a nice day and come back again."
Write your opinion, whether there is a place to buy here, and open a long position
$SXP/BTC 4h (Binance Spot) Trendline BreakoutSwipe at Support and about to Breakout of the Downward Trend Line
Current Price= 0.00004657
Buy Entry= 0.00004389 - 0.00004570
Take Profit= 0.00005342 | 0.00005914 | 0.00006887
Stop Loss= 0.00004122
Risk/Reward= 1:2.12 | 1:3.58 | 1:6.07
Expected Profit= +18.37% | +31.04% | +52.61%
Possible Loss= -8.66%
Estimated Gain-time= 1 month
use Maximum 10 % of the Account
SXPUSDTLooks like an interesting coin for now.
It does have the potential to see new highs... I might get into it myself,
but before that, we have to wait and see if it can breakout that resistance (as shown on chart).
After the breakout was confirmed above the resistance, its good to go!
⚠️ 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 🎲
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Comment if you need a chart 💬
SXPUSDT (SWIPE) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- SXPUSDT brokeout above the descending trendline resistance (DTR-1) and retraced, breaking down below the ascending trendline support (ATS).
- Price retraced for a test of the 0.618 fibonacci retracement level.
- The retracement was resisted by the descending trendline resistance (DTR-2).
- Price brokeout above the descending trendline resistance (DTR-2).
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
SXP - Bottom not in?I'm still waiting for a 3rd major dip. Ideal target is $1.5 but expecting $1.8 to hold.
- My forecast is for BTC to run up to just over $50/53k then down to $41k over the next few days.
Best of luck, Hard Forky
SXPBTC Chart
BTC Idea
This SXP Chart looks like it has run out of road and needs updating
SXP - Watch out for deeper dropHopefully you were ready for today's shakeout. Normally I'm bullish but I identified this drop a few weeks ago based on fractals (If you believe in such things) - see my BTC ideas.
I'm expecting a retrace then deeper dip on BTC over the next 8+ hours. BTC could hit $41k.
TARGET = 0.0000044
The market is going to new highs so no panic, just good short term opportunity.
Best, Hard Forky
SXP/BTC - 50% PROFIT - Expecting more.Hello dear friends.
Yesterday, on our channel, I gave a good coin for consideration, paired with BTC. Today + 50% profit.
I will fix partially by 25%, the rest is stop loss at breakeven.
My personal opinion is that this coin will continue to give good profits, so if you decide to follow this, observe your risk management and buy on pullbacks from strong levels.
If you want to watch my trade follow me on my social media.
I now write more information there than here.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
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Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
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SXP - BTC Pair first look - BIG upsideQuick sketch of SXPBTC key trends and resistance to navigate existing USD idea.
The Circled area looks like a retest before resumption after breakout. Heavy resistance at this stage, possibly requires a couple more touches before breakout but the upside is huge.
Apologies but I've only had 10 mins to build this but it looks pretty accurate depiction of the SXPBTC market?
Best, Hard Forky
SXP - Push to new ATH?SXP is bullish, just breaking recent high. Just ran a quick FIB check and feeling out some upward trend lines (in white) - these are sketchy like the rest of this idea.
Final resistance that I see (not that this chart predicts the future).
$3.2
$4 - Possible retrace
$5
2x would be nice from here but further upside is definitely possible while BTC may continue to climb over the next 4 months.
Best, Hard Forky