Sxpusd
✳️Swipe/USDT (2/11) #SXP $SXP #SXPUSDTSXP just formed a Doji candlestick at 0.8-0.85$ and this zone has stopped the decline of SXP so over the next few days, SXP is likely to have a rally and target at 1.1$ and 1.4$.
If the SXP continues to fall out of this 0.8$ zone, we will continue to wait for it in the 0.6$ zone
📈BUY- LONG Strategy
- Buy: 0.8-0.85$. Stoploss if B
📉SELL-SHORT Strategy
- Sell: 1.1-1.15$. Stoploss if A
- Sell: 1.35-1.4$. Stoploss if A
- Sell: 4.4-4.5$. Stoploss if A
♻️BACK-UP Plan
- Sell close to 0.8-0.85$. Stoploss if A
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
SXP 12h. Thinks where next: up to $1.80 or down to $0.61This idea is a continuation of the previous idea , which worked out pretty well.
When the price fixed below the level $1.10, then moved towards the lower target $0.61.
But, on 3 November, the Swipe team published a report on the work done for October, and on 4-5-6 November, they published new developments and project upgrades.
In addition, on 3-6 November, BTC made a leap up +20%.
This mixture of news and events stopped the fall at $0.715 and turned the price upwards by +65% to the current indicators.
In the zone $1.10 -1.30, it will be decided where the price should move next:
- Fixes above the zone, then will open the path for growth to $1.80
- If sellers become active in this zone, then the fall may continue to the previously calculated level $0.61
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SXP AREA OF INTEREST IF YOU WANNA MAKE A GOOD FORTUNE BY HOLDINGNothing much here ALTS still looking for a bottom SXP for example 0.35-0.55 is your ticket to financial freedom. You can buy at 0.7 and hold you still win BUT this is the best entry point. If ever targets are reached even if it may go down to 0.2 it doesnt matter your in good hands in your entry price.
✳️Swipe/USDT (26/10) #SXP $SXP #SXPUSDTSXP just broke the 1$ support zone and the situation is pretty bad.
However, there are still a few scenarios for SXP that we should follow
1️⃣ SXP rebounds from the 0.9$ zone and continues to rise to 1.4-1.5$
2️⃣ Continuing to break out of the 0.9$ zone, the upside target will be 0.6$
Swipe SXPUSDT - Symmetrical triangle + more downside- All time low confirmed last night!
- Swipe is doing very bad, there are absolutely no buyers at all.
- Bitcoin is pumping but SXP is going down = extremely bearish sign
- You can buy SXP at much lower prices, like 0.5 or 0.6 USD
- If you want to profit from this move, please use a futures market to open a short position
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Swipe SXPUSDT - Rectangle bearish formation- Swipe looks bad, i expect lower prices
- Rectangle bearish continuation pattern - you can call it a pennant
- This coin is on ALL TIME LOW
- You can short this coin on crypto futures market
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SXP/BTC (Strong Selling Pressure)💎Technical Analysis Summary💎
BINANCE: SXPBTC
-SXP broke its immediate support area around 8400s sat
-We can see the daily candle is extremely Bearish
-The potential downside target is around 6000s sat
-Please don't try to catch a falling knife
-Wait for any sign of Bullish strength before opening a trade
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Swipe SXPUSDT - Elliott wave + Descending channel- Swipe is going down, there are no buyers at all
- This coin is on all time LOW pretty much, so i cannot see any potential for an immediate short term
- You can buy at 0.5 - 0.6 USD later
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Swipe SXPUSDT - Descending triangle + out of control- Bulls run away from this coin right now
- Descending triangle or descending market structure is confirmed on the chart
- You can sell SXP and buy lower, or short the coin on any crypto futures market
- If you feel uncomfortable holding this coin, you should listen to your body
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Swipe SXPUSDT - Elliott wave + parallel channel, Ultimate bottomParallel channel is already broken, but there is still a possibility to retest this channel as support! Please, keep that in mind. Else the elliot wave count is completed to the downside, which is of course bullish. I will provide a detailed technical analysis and wave analysis to this coin on lower time frame as well, follow me so you don't miss this update...Also, price around 1 USD can be ultimate bottom for this coin.
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Swipe SXPUSDT - Descending triangle, very bad!Swipe is currently forming this descending triangle to the downside, that is nasty. If you take a look at Bitcoin dominance chart (below), you can see Head and Shoulders pattern. I think Swipe definitely have some potential, but for now, we need to wait for a better price in the future. Bulls cannot hold any of previous supports and selling pressure is increasing.
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SXPUSDT Chart Swipe(SXPUSDT) fundamentals are very strong. Swipe launched crypto funded USD checking account and debit card. Current market cap only $100 Million. Swipe can be a real competitor and challenge to crypto.com (market cap $3 Billion). Both competitions would help for more innovation and shaping the crypto industry. According to this SXPUSDT got more room to go up and technical supporting too.
SXP might be swiping down for nowSame as UNI and most other altcoins, it just broke down from an ascending broadening wedge, retested and then got rejected.
We should be heading south for now and I expect a loss of about 13%. I am long term bullish in this coin though especially since I'd like to get the Swipe Card soon, so I'll be laddering my buy orders on the way down. Cheers!