SXPUSDT | Long potentialIt is diverging in daily, if BTC doesnt dump we can see an upward pressure within the next days.
It may also test 0.5 fib level.
This is not a financial advice.
SXPUSDT trade ideas
SXP/USDT 120% potential from here...? Fresh entry..?#SXP/USDT TA update:-
$SXP currently trading at $4.123
And You can see good bounce back from $3.90 support level.
Now...?
I am buying here some $SXPUSDT
Fresh Setup:
Entry:- $3.90-$4.120
Targets:- $5.20/$9.120
SL:- mentioned in chart.
Support:- $3.90/$3.50
Resistance:- $5.20/$9.120
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SXPUSDT LONG "repeating waves"symbol="BINANCE:SXPUSDT"]BINANCE:SXPUSDT in daily chart :
In March EMA 50 was its support but in April chart has broken it down and EMA 100 played as the support. Today EMA 100 didn't let the chart decrease more.
If u look carefully, you will see the repetition of waves. so it's going to repeat its last wave and rise to 6.54 and 6.93, 1 and 1.13 fib at the top of the channel.
SXPUSDT LONG "repeating waves"BINANCE:SXPUSDT in daily chart :
In March EMA 50 was its support but in April chart has broken it down and EMA 100 played as the support. Today EMA 100 didn't let the chart decrease more.
If u look carefully, you will see the repetition of waves. so it's going to repeat its last wave and rise to 6.54 and 6.93, 1 and 1.13 fib at the top of the channel.
SXPUSDT bounced on 0.618 Fibonacci level 🦐SXPUSDT bounced on 0.618 Fibonacci level on the weekly support. Now the price is creating a descending channel. IF the price will have a breakout from the channel, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SXPUSDT Falling wedge patternThe SXPUSDT is at the stage of forming a falling wedge pattern, so the successful formation of this reversal pattern will indicate the end of a local downtrend and provide a low-risk opportunity to open long positions.
SXPUSDT Analysis of Corrections on Daily Chart and Fibonacci L.Let's look at some statistics. If the correction level of SXPUSDT is more than 50%, price reaches approximately 10% higher of the previous high.
When the correction level is about 30%, price reaches %32 higher of the previous high. I assume the latest %38 correction is completed. Therefore I expect price to rise to the level of 7.74, which is also the %161.8 level of the Long term Fibonacci Retracement.
Huge Profit PotentialThis trade is going to be huge on the upside in the end and might already be starting. We may get one more wave down though so don't get freaked out if that happens. That fib suport of 0.618-0.65 should act as really good support. So if THAT fails, then maybe something's wrong with the count.
Honestly super happy with this chart pattern.
If this doesn't work out I'll have to hang up my hat.
Not financial advice. Let's call it a really really big hunch.
SXP - Looks weak! (As you asked)The is a support area holding the price up but the demand volume isn't that high, so there's a possibility of more correction.
Short your positions if it crossed the support area with a dump confirmation.
However, if the price pumped up and crossed the resistance area, open long positions and aim for those 2 Targets based on your risk level.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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SXP might hit 7 dollars this monthRecently SXP has broken its major trendline support because of the BTC dump, but as it was a fakeout SXP is on the track again. We might see corrections to the 4.30-4.50 level until SXP breaks out of the wedge. After the breakout we will easily break the resistances ahead of us. After all this is just TA. I might be wrong in the short term but I believe that Swipe will get the value it deserves. My guess for SXP at the peak of the bull run is $150.
SXP/USDT great bullish potential!Hi every one
SXP / TETHERUS
SXP/USDT has formed a reversed head and shoulder so this means after the breaking of the neckline the price can increase as much as the measured price movement which is as much as the length of the head! we just have to wait for the price to break the neckline!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea
Have a nice day and Good luck.
