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Sxpusd

#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.
Long
by eBlockChain
1
SXP still lostSXP is my worst acquisition yet, I am glad it is marginally in the green. As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now? 1) SXP is below the Ichimmoku Cloud => no strength to the upside. 2) SXP Ichimmoku Conversion Line is below the Base Line => no strength to the upside 3) SXP is way below the 8W SMA => no strength to the upside. 4) SXP RSI is still flat and below 50 => no strength to the upside. I remain bullish for the whole market, I remain bullish for SXP... but till the indicators above show some strength, SXP is going nowhere. If you are a HODLer, there is no harm in accumulating. If you are a leveraged trader, you are better off going long after BTC's pullback.
by eBlockChain
6
SXP the lost puppy from Binance Considering the market overall current spike, SXP remains almost all year a non-mover. And even the move from the Abyss of May to the local high of Sep, it didn't perform much. I have a history of losing chances with SXP in the past. Will SXP take me down again this time? Here is the outlook, that confirms this Alt is forgotten and non-mover: 1) Overbought on the 4H RSI chart 2) neutral on the 1D RSI chart 3) still a red signal on the Ichimoku Signal 4) far from being green on the Ichimoku Cloud The question remains will Binance rescue its puppy or let it have a slow quiet of death? I am betting with my wallet on a rescue mission.
Long
by eBlockChain
4