SXPUSDT
#Swipe my roadmap #SXPThe ltf structure is in a descending triangle on #SWIPE, and I still have a few options how this can play out. My primary is the green line is that we break that triangle now upside and we are moving to the third wave in large.
Alternatively if it breaks down it can go tap lower to compelte a subwave 2 of the larger wave 3 and still move up, or it can do a LL and only complete the larger Wave 2 before it heads up to the impulse.
I am still holding and long with SL in, targets are above $10 for now. I expect that triangle to break up soon in the next few hours with retesting, then long more, will update on that on my twitter.
SXP - $12.44SXP is currently trading above the support of $4.93. If it can stay above this support zone for a few days, it will start forming a strong support. In this case, we could start seeing a move towards $6.37, $8.68, $11.00 and $12.44. Failure to hold the support at $4.93 could lead to a drop towards $4.44, $4.05 and $3.79. You can spread your buy orders equally at these 3 zones if the support breaks. If the support of $4.93 holds, you can buy above $4.93. Good place to place your stop loss would be below $2.60.
Long Swipe ($SXP)Looks like a possible Cup and Handle formation, which if correct would indicate a target of around $8. Fib extensions suggest a possible target of $6.90. Since I don't know 1) really anything about what this token is and 2) I don't use C&H much and also since 3) the market has had a few dips during the last couple days I will keep a tight stop loss and only open a small position.
In either case if BTC and the alt market continues to look strong I will probably add to this as this was in an obvious strong recent uptrend.
SXP is so STRONG!!!Every single mother flippin dip gets bought right back up.
Would be a dream if this appreciates like BNB has now that Binance owns them. Just bought more at $4.88
Beware if BTC starts to roll over and breaks below 53k again.
We are playing with fire a little bit, but if BTC is bouncing then Alts are FLYING!