SXPUSDT BULLISH MIDTERM SIGNAL UPDATE!!As you all know, SXP is not performing well from last 2 weeks and according to the Chart patterns, Ascending Channel is formed, Breakout formation is also nearly there and also indicators giving bullish signal.
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SXPUSDT
SXP/USDTSXP is now retesting the resistance of 3.9 - 4.1 area. So far SXP unable to close a candle above the resistance area and the long wicks showing selling pressure. Wait for a candle close above this resistance level. The support is 3.45 - 3.55 and this is good buy zone for SXP. Wait for a breakout or a retest of support zone.
SXP IS WILLING TO TAKE A SWIPE AT 6SXP is visibly climbing a trend line. It has been respected a few times. MACD is showing divergence in the positive zone. In fact, SXP has stood its ground although the market is shaky right now. We might see a retracement, but it will be a step backwards to leap upwards. RSI is cruising around in the overbought zone, so a minor retracement is not out of the ordinary. Volume is not sufficient, TBH, as it is with most altcoins. Tread cautiously!
SXP >$50 IMMINENTAnyone see this beautiful ascending triangle playing out? Taking the measured move of the base of the triangle to the resistance, we see a huge power move crushing to my new target. Tokenomics, infrastructure, and fundamentals of this coin support this move.
Any thoughts? would love the discussion.
SXP 1D Pattern "Cup with handle" and growth target $60On the fall in May, SXPUSDT buyers showed once again that they are not planning to let the price go below $1.30. By the end of July, the price of SXPUSD once again dropped to a strong mirror level of $1.30 , from which buyers began to drive the price up. SXPUSDT price growth at the moment shows more than +100%
If we look at the SXPUSD chart globally, we can assume that the "Cup with a handle" pattern is being forming now.
For the full completion of the formation of the "Cup with a handle" pattern, the SXP price needs to rise to the area of $5.50.
Well, when the pattern will be formed , and a positive attitude prevails on the crypto market itself, then we will need to fasten your seat belts)
Since the path will open for growth first to $10-11.
Further correction and continued growth to $25 .
And the icing on the cake can be " $60 for the SXP ", as the final global TP of working out the "Cup with a handle" pattern.
Eh, dreams — dreams :)
What do you think about such a scenario? Write in the comments!
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SXP - Retest Bounce! 🏀SXP was in an ascending correction and broke down nicely. We are approaching a very high probability area where we can look to buy $2.70.
We have the ascending trendline, structure and fibonacci support at that price. Watch for a bounce and then enter with stops below the trendline and structure. Targeting the -27 fibonacci.
SXP - Retest Bounce! 🏀SXP was in an ascending correction and broke down nicely. We are approaching a very high probability area where we can look to buy $2.70.
We have the ascending trendline, structure and fibonacci support at that price. Watch for a bounce and then enter with stops below the trendline and structure. Targeting the -27 fibonacci.