SXP/USDTour analysis on #sxp/usdt
is for buy according to elliot waves you can see #sxp forming waves
the first wave 1-2 are forming you can get oportunities of trade in the middel of wave 3
BUY #SXP/USDT
ENTRY: 0.2775-0.2726
LEVRAGE: x30
TP1: 0.2919
TP2: 0.3228
TP3: 0.3359
SL : 0.2410
USE PROPER RISK MANAGMENT
FULL TARGET AT 0.3923
SXPUSDT trade ideas
SXP ascending triangleWait for an breakout!
What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
SXPUSDT-FUTURE-1HI just identified SXPUSDT with nice SHORT position. At this time, price created lower top, it is as valuable consideration that bear movement will happen. Beside, I also check other considerations:
1. RSI: RSI line is moving down from the top.
2. MACD. MACD histogram is moving down.
2. Candle stick pattern: Bullish engulfing completed.
Because of these reasons, I propose SHORT idea as below:
- Entry price: Current price.
- Take-profit price: 1. 0.33xx, 2. 0.322x
- Leverage: 10-15x.
- Stop-loss price: 0.36xx-0.37xx.
Additionally, I also checked's movement and it tells us it is good time for making SHORT position at this time. Please refer to following related idea link for reading my detailed analyst of BTC's movement
SXP LOOKING BEARISH Elliot wave 4 im counting here which could form into a Descending triangle and spill to the downside.
Downside target imo as shown.
Watching for Descending Triangle to form something of ABCDE, imo invalidation would be sweep above A, then would look into another scenario which might be rectangular continuation or could look at Bull case 'IF' it appears, but for now i need to see more price action to really nail it.
SXPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for SXPUSDT
There are R2 and R1 as the resistance areas which express that the price was not able to rise. S2 used to be a long-term resistance line And S1 is our support area that shows the support of the price at some points. In this chart, we have the price fluctuating above S1 and below R1 and by the time it does not leave these ares, we cannot define a correct position for it. Either the price will give us some rising signs and we predict a rise for it toward R2 or higher. Or we will have some falling signs and then a decline is expected for it up to lower amount toward S2.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
SXP Potential Reversal AGAINHello friends
SXP recently has broken its downtrend and as I notice that each time( twice ) SXP dropped by 75% and traded around $3.6B during the downtrend, then it rose at least by 200%. I expect that SXP will be bullish over next weeks, what are you thinking?
Safe trade
@ Kurd_crypt
$SXPUSDT Long SignalAs before BINANCE:SXPUSDT has been really profitable for us. $SXP is going for a short term correction towards the entry points i have mentioned. After this there will be a huge volume pushing it towards the top. The setup i am using is as below:
Binance Futures Long ( 1 - 5x )
Entry : 0.36 - 0.45
One-time-Entry : 0.41 - 0.43
Targetted Profits:
Short Terms : 0.48 , 0.51 , 0.53 , 0.5560 , 0.62 , 0.65
Long Term : 0.83 , 0.95 , 1.20 , 1.60 , 2.12
As a good trader, please becareful with your money always! Use a Stop Loss to prevent massive damages, invest only 10% of your available capital when trading in Futures.
Stop Loss: 0.3350 (or trailing).
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MetaFutures.
SXP could be in a downtrend - Cryptoz18 (Risk High)❶ Warning
Operations in the Blockchain or FX market represent a high risk. Cryptoz18 is a content creator who posts his ideas for viewers however he never provides an investment recommendation. I recommend to the reader a good risk management and knowledge regarding the environment. Thank you very much.
❷ Tutorials
➤ Here you can find a brief explanation of how the operations work in case you are interested in following them.
➤ Here you can find an explanation of how to track our ideas:
✔️ Our operations are taken with StopLoss and Take Profit of 15 minutes. However, we are looking to try and catch a 4H trend. So, once we touch the TPM according to your own analysis you should consider whether to close the trade or move StopLoss to entry.
❸ Summary
First I have to open my trades on Binance, if not then I don't have time. Sadly it took me a long time and a lot of the movement just happened, if it doesn't go back to that entry consider changing the setup settings.
❹ Operational Information
• Entry price: 0.5017
• StopLoss: 0.5209 (Loss 3.83%)
• TakeProfit Minimum: 0.4679 (Win 6.74%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
SXPUSDT needs to create a new breakout from 0.618 Fibonacci leveThe price had a bounce exactly on our daily support at 0.324$ where the price created a double bottom as well.
After that, the price created a series of higher highs and higher lows, and now the market is testing a daily resistance at 0.5$ on the 0.618 Fibonacci level, it's a key level for the market.
How to approach it?
IF and only IF the price is going to have a breakout from that area and retest the current resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
SXPUSDT - Falling Wedge PatternSXPUSDT (4h Chart) Technical analysis
SXPUSDT (4h Chart) Currently trading at $0.372
Buy level: Buy after Breakout
Stop loss: Below $0.327
Target 1: $0.40
Target 2: $0.45
Target 3: $0.50
Target 4: $0.60
Max Leverage 2x
Always keep Stop loss
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