SXPUSDT
SXP might be swiping down for nowSame as UNI and most other altcoins, it just broke down from an ascending broadening wedge, retested and then got rejected.
We should be heading south for now and I expect a loss of about 13%. I am long term bullish in this coin though especially since I'd like to get the Swipe Card soon, so I'll be laddering my buy orders on the way down. Cheers!
Swipe SXPUSDT - Detailed Elliott wave + 0.618 fib supportSwipe is currently in the C correction wave, it should be finished at 0.618 fib + horizontal support from previous swing. It also depends on bitcoin. As you can see my Elliott Wave count, the next wave is the 3rd Impulse wave, which is generally the strongest one.
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SXP. 12h. Critical point $1.65.SXP. Positive news are enough for the fundamental growth of the token. And if everything goes well in the crypto market, then the SXP token can first grow to $1.65. This mark will be decisive, and will tell the price where to move further.
If the news background continues to delight with positive and effective news, the SXP token may continue to grow to $2.65.
However, if bears will capture the crypto market dominance, then the SXP token will NOT get away from the fall.
Below $1.10 sellers' zone . Having fixed below this level, sellers will be able to extend the fall to $0.61.
We will keep an eye on this token! Have a profitable week!
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Swipe SXPUSDT - Elliott wave + 0.618 fib first targetThe Elliott Impulse wave is in progress right now. I expect one more wave to the upside, then sideways for a while. 0.618 fib and horizontal resistance may be a good profit target for traders. As long as this trend line holds - it is fully bullish.
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SXP/BTC (Test Key Trendline Resistance?)💎Technical Analysis Summary💎
BINANCE: SXPBTC
-SXP retested key support area and may have found support again
-This is good in the short term Bullish action
-But the midterm trendline resistance is still there
-We can not ignore this potential strong barrier
-Because the Bears can easily enter the market
-If you want to enter on a safer approach
-Please wait for a trendline breakout
-And wait for support retest after
-Upside target is up to 20ks sat or higher
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$SXP short idea. Not looking great unless it breaks above.SXP has been on a steep downtrend after peaking out at $5-ish.
The hype cycle was very fast, whole CT was bullish, everyone bought in on the news that it will launch the card and it will be the next big thing on crypto and things like that.
Once the card actually came out, they gave in, and we now need to stake Bnb and (NOT SXP), which, in my opinion justifies the short.
I'd possibly not buy this now. looks like a clean bearish retest on the compressed 4h chart. :)
I'd short it with a small capital, with stops set above the zone.
Let's see where it goes :)
Swipe SXPUSDT - Elliott wave + falling wedgeImpulse Elliott wave completed to the downside very nicely. If you take a look on weekly candles, u can spot a massive bullish hammer. I expect massive gains for this coin, first target is 0.618 fib. Also as you can see, the price bottomed out on this falling wedge pattern.
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SXPUSDT Possible longs between 1,40/1,15...Hello,
the situation is not favorable to the idea related to the long side of the market at the moment, but how not to try to take advantage of a possible opportunity?
Perhaps instead of trying to catch the "falling knife" immediately, it is worth waiting for consolidation in this area?
Looking to buy in the range of 1.40 / 1.15
Stop below 1USD "hard" or two consecutive daily close below 1USD
The first target is 2.35 / 2.40
Good luck