Sxpusd
SXP/USDT : One of the coins to buy in the major dip ! BINANCE:SXPUSDT [/symbol
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#SXP has been struggled so mush in many descending channels.
Now there're two sets of major bearish channels in play and the majority would be bearish too !
But considering the liquidity pool at 36K on BTC as our last deep and a proper relief to +56K; I would add #SXP into my holding bag for sure.
The lower Daily Demand looks very stiff and breaking below it won't be easy for bears with #BTC being tighten in downtrend movement !
📚 However I would set an invalidation as any breakdown confirmation below $1.200 and the entry should deep down near $1.300..
- The suggested portfolio engagement is 3% as maximum pool and it's better to catch some of the profits in movement.
The lower Demand could support the pair to break above the smaller descending channel, But still there will be a huge sell off event near above $2.200.
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
BINANCE Bought Leading Crypto Visa Card Issuing Platform SWIPE !Binance Announces Swipe Takeover!
Swipe is the industry’s leading cryptocurrency Visa card issuing platform that enables users to instantly spend cryptocurrencies at over 70 million locations worldwide.
All current SXP utility will remain unchanged.
I think this is the beginning of something big! they want to build a rival for CRO.
CRO has a mk cap of 14 Billion while SXP only 400 Million at this point.
I think upside potential for SXP is huge from here: 35X just to reach the market cap of CRO!
$SXP DAILY CHARTLooking at the SXP daily chart, the green zone appears as a buying area. With the breakdown of the ongoing downward trend from May, the price will try to pass the red areas in order. It should not be forgotten that these red areas will appear as resistance and are good areas to take profit. Looking at the shorter time frame (4 hours), the $2 level seems to be the first target. With a two-day close below the green area, the trade should be stopped.
SXP günlük grafiğine bakıldığında yeşil bölge alım alanı olarak karşımıza çıkıyor. Mayıs ayından süregelen düşen trendin kırılımı ile fiyat sırası ile kırmızı alanları geçmeyi deneyecektir. Bu kırmızı alanların karşımıza direnç olarak çıkacağını ve kar almak için güzel bölgeler olduğunu unutmamak gerekir. Daha kısa zaman diliminde bakıldığında ( 4 saatlik ) $2 seviyesi ilk hedef olarak gözükmekte. Yeşil alanın altında iki günlük kapanış ile işlem stop edilmeli.
SXP POSSIBLE LONG & SHORT SCENARIOSXP is currently trading under resistance, A move down will see us revisit support at $1.3 level, while a break above current resistance @ $2.6 and a successful retest would see us revisit price levels of $4.1 and higher. If there's anything losing my $1000 capital has taught me, it's wait for confirmation always. Starting again with $40. Hoping to turn this into at least $500 before EOY. Sidelined since the start of september.
Stay Safe folks and don't FOMO.
SXP $89LONG-TERM TARGET! $20 SHORT-TERMPlease See original idea linked below
Apologies, left out a couple details.
This shows the ABCDE wave analysis which formed on the weekly and is the basis for a bullish pennant.
And we all love a good bullish pennant, not so often you see it on weekly charts.
All other explanations in the original idea linked below. Thank you
DISCLAIMER: Not Financial Advice
SXP entered to pump zone#sxp has two big support zones and a support test zone as you see on chart
the price is going down to retest the support zone again
we can have a big rally to break the roof and super pump to ATH
buy and hold it if you want to have super altcoin
i bet it can surprise you by his price
if you agree please like and share
comment me your special coin to analyse
good luck...
#SWIPE #SXP my Exit Target @ $7.2SXP is no dinosaur, with little technical data to analyze since it doesn't stretch back to previous market cycles to draw a FIB R Levels from its 2017/2018 ATH.
So I choose to be conservative here and draw the lines as per this year's May 19th dip from its cycle ATH to ATL that followed. I witnessed that ADA, AVAX & MANA (the early boomers) got stalled between 1.618 & 2.618 FIB R levels.
That said, I'll have 1.618 FIB R level to be my target roof at $7.2 while it has all the potential to continue north from there... but that is a risk that I don't intend to take.
NOTE
CRO is closing towards 1.618 FIB Level, which seems to be this quarter top for most Alts. SXP (CRO competitor) didn’t nudge yet. Don’t expect Binance will let it sleep for long.