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Sxpusd
SXP/USDT has a great bullish chance!Hi every one
SXP / TETHERUS
SXP/USDT Has been ranging in a Rectangle pattern. Now the price is about to touch the Bottom line of this pattern so there is a Strong chance that the price would start a bullish movement to the top of this pattern once again!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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Have a nice day and Good luck
SXP/USDT moved toward our prediction and target. what's Next?Hi every one
SXP / TETHERUS
(UPDATE)
this is an update on the recent analysis of SXP/USDT which now you can see that the price has moved in the direction we predicted! the price has 3 bearish signs right now:
1-the price has touched the top of the broadening wedge pattern and Decreased from that point!
2- a shark pattern is pretty visible on the chart which has just been completed and now it's time for correction.the correction can be up to 0.618 or 0.78 line of Fibonacci retracement (strong support zone)
3- there is a regular bearish Divergence on MACD as well (-RD)
so these signs makes us think that the price must start to decrease from this point. the correction can be up to 1.6 or even the bottom of the broadening wedge. there is a slight chance that SXP would break the broadening wedge if it happens the price can increase to 3$ which is a Pretty strong resistance as well.
summery:
-SXP/USDT has moved in the direction of our prediction and touched our target!
-Multiple bearish pattern and signs!
strong support at 1.60$
-slight bullish chance to 3$
Previous Analysis:
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SXP Possible move's in midtermSXP breaks a long downtrend and if the price stabilizes can move upwards towards the targets.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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SXP/USDT has Bullish PotentialsHi every one
SXP / TETHERUS
SXP/USDT is ranging in a broadening wedge and now price has some bullish signs! as you can see the price is at the bottom of this pattern and there is a Expected bullish movement from Here . there is also a Regular Bullish Divergence on MACD as well (+RD) .this is also a Great reason For us to be bullish On SXP. The price can reach the top of the broadening wedge which is also a Great Resistance for SXP.
summery:
-SXP is ranging in a broadening wedge pattern.
-The price is at the bottom of this pattern (bullish sign)
-Regular Bullish Divergence (+RD) is Visible On MACD (bullish sign)
-Price can reach the resistance shown in the picture.
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SXP Consolidating steadily and nicelyAfter today's EOS pump, I sold my bag and bought SXP...
It has been steadily consolidating and maintaining tight range with minimum volatility. Add to that SXP did NOT pump hard yet in 2021. Price is marked with a blue line which is still below FIB 0.236 level.
No target set... either I'd sell on a pump and or HODL for ATH if the market moves along.
⚡️US500 (S&P) - Sell TradeLooking to see a collapse from this point.
Ideally, the price should come back to mitigate some of the losing positions as well as capture liquidity from the low.
SXP/USDT TA Update #SXP/USDT Chart by Request :1
$SXP currently trading at $2.03
And $SXP only bullish if break out this red Resistance cluster.
Resistance:- $2.26
But below $2.26 is bearish.
So Now Market is no trade zone.
We will open any fresh trade after market settle.
Support:- $1.81
Resistance:- $2.26
SXP / USDTSXP / USDT
In late may SXP lost uptrend line as a result it dumped hard
Finally we see some action of bulls at weekly demand between 1.9$- 1.67$
I really like the project in long term but when coin dumped by more than 50% we cant expect it go up fast again it need some sort of long time of accumulation first
Expectations : sideway movement ...what i hope bulls hold weekly demand and bulid base Support here before moving up
Things can turn very bearish if we lost weekly Support by weekly candles ..in which mean more dump to past accumulation zones
Good luck
(Update) SXP/USDT has done the expected movement. what's next?Hi every one
SXP / TETHERUS
as you can see SXP/USDT has broken the Dynamic resistance which we talked about not long ago! the Dynamic resistance is now Dynamic support! so the price is more likely to stay above this support and continue the bullish movement!
previous Analysis:
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(update) SXP/USDT has a great bullish chance right now.Hi every one
SXP / TETHERUS
this is an update on SXP/USDT as you can see the price has gone downward and broke the symmetrical triangle but now It has created a new support which is pretty reliable. there is a chance for bearish movement because there is a Hidden Bullish Divergence (-HD) on both MACD and RSI. the bearish Movement can be to the new support which is shown in the picture. the bullish movement from support can be to It's dynamic resistance which is shown In the picture. If price breaks this resistance there are good chances for more bullish movements.
Previous Analysis:
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
SXP - Short to $1.37It has been a while since I visited this chart but sitting on USD I'm looking for a new long entry on SXP.
- These lines have been in since end of 2020 just before the parabolic run in ALTs. They still seem to be playing a role in support and resistance.
- Looking at the general market price action I think SXP will test the support line once more when BTC starts running in about a weeks time
- Long will be from a target of around $1.37 and coincidently form a local double bottom. SXPBTC target 0.00003602
- Target $2.85
Best, Hard Forky