SXP / USDTSXP (SWIPE) cup and handle pattern forming on the weekly chart. Mid to long term pattern - up to 46 USD.
With CZ invested and all the positive news, will be DCAing, waiting for the altcoin season. Learn term investment for myself.
Obviously, not a financial advise.
* mid market cap project.
as of Apr. 28, 2021 - market cap $410,620,889 USD
SXPUSDT
SXP USDT on track to breakoutFibonnaci retracement is falling perfectly since the last BTC dip. Could it go higher? I think so with the increasing interst in people using apps to buy and sell crypto.
Swipe is a crypto-fiat gateway that enables cryptocurrencies to be spent as fiat currencies in real time. Its mission is to "make crypto finance mainstream by connecting existing payment networks to cryptocurrencies".
Swipe features a wallet for users to deposit, store, and withdraw their cryptocurrencies. Users are able to spend these cryptos with the Swipe Visa debit card at any place that supports Visa payments.
Swipe also features a utility token, SXP, that can be used for paying for transaction fees, as a medium of exchange, and to receive discounts on the fees. 80% of transaction and withdrawal fees in SXP token are automatically burned on-chain.
The project raised 12.00MM USD via private and public token sales in August 2019.
OMGUSDT - Ready To Make New Highs! 😲Price has been supported by the major trendline for quite some time now. We saw a bounce off the trendline indicating upwards momentum. Watch for bull flags on smaller timeframe.
SXP - Pattern Changing Slightly... Watch Out!From our previous SXP analysis, we were anticipating a parallel channel but upon seeing price action, we find that it is more fitting that it's an expanding flat triangle. Price is moving correctively down and we have 2 major areas which we are keeping our eye on.
SXP 1D Need fall by $2.60 so that later grow to $20Well, the goal of $5 has been achieved , a little not as planned in the previous idea, but still.
Even the SXPUSDT price slightly updated the maximum, but so far these are false breakouts.
Now, according to the SXPUSD chart, you can see that at the moment strong support has formed at the level of $2.60 , why shouldn't the Swipe price go there again?)
And after there, it will be possible to start a long-term super growth in the region of $20 , of course, if the general mood on the crypto market will contribute to this.
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SXP wait Momentum to moon, this ranges midtrend low by price actmany long-time SXP bullish trend by action following flow indicators like ADX DMI.
but we wait for this range for retail accumulation & distribution within ranges below and below by DMI action.
you know can setup Fibonacci support. if the SXP downtrend follows pricing Bitcoin so the resistance 2.5 cent.
Fib green : main midlong
Fib orange : main long setup
thx
SXP forming symmetrical triangle after sell offWe saw a deep correction yesterday and those who were lucky to grab a bag at the bottom are likely taking profits. From this chart analysis (4 hour analysis), we can see that the price is consolidating and forming a symmetrical triangle after a bearish movement. With recent news and FUD from Coindesk stating that south Korea's top financial regulator suggested that Korean exchanges could all be shut down by the fall, I'm expecting price to continue lower. If you're shorting, keep your stop loss to the resistance line. If price breaks below support line, I'm expecting price to target 2.40. We will wait and continue to watch as this symmetrical triangle pattern continues to develop.