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SXPUSDT trade ideas

Riding the Upward Trend with CautionSXP, a cryptocurrency currently trading at $0.8500, seems to be on the rise. The Relative Strength Index (RSI) is at a comfortable 64, indicating a slightly overbought state but with the potential for further gains. The Fibonacci retracement levels show that SXP is currently in an upward trend, having surpassed the 0.5 Fibonacci level. The 4-hour timeframe upper Bollinger band sits at 0.9345, while the lower Bollinger band is at 0.5335, with the current price of SXP falling within these limits. This suggests that SXP is currently experiencing a period of relatively low volatility, which can be a good thing for investors. The Moving Average Convergence Divergence (MACD) indicator is currently at 0.0895, indicating a bullish phase for SXP. However, the stochastic oscillator is at 73.71, suggesting that the cryptocurrency is currently overbought and may potentially experience a price correction soon. SXP rallied 223% after announcing a partnership with Chainlink. This announcement could potentially increase demand for SXP, resulting in a price increase. In conclusion, based on the technical analysis and recent news, SXP appears to be in an upward trend with the potential for further gains. However, given the current overbought state and potential price correction indicated by the stochastic oscillator, it may be advisable to exercise caution while investing in SXP at its current price level. Overall, it seems like an exciting time for SXP and investors should keep an eye on its price movements.
by MonoCoinSignal
5
Swipe (SXP) vs USD - to $0.60 centsAt 60 cents price action is still 240% up from March lows! Consider that before dismissing the idea - we're in the midst of a crazy bubble that's just starting to burst. RSI resistance is confirmed on no less than 3 occasions, it is unlikely to be broken until mid-September. The above 8hr chart head & shoulders breakout is confirmed by today's price action. The breakout extension suggests a target of 60 cents, which would take price action to the 3-day support level on the chart below. Furthermore the weekly chart Stochastic RSI just crossed down 80 with last week's close. Never ignore weekly cross downs, they're 99% of the time bearish. Tip for the day - Emotion is a money killer! 3-day chart weekly chart - Stochastic RSI crosses down 80 - very bearish! (orange circle)
Short
by without_worries
63
Swipe (SXP) to Solar (SXP) = explosive price growthAnnounced on 28.03.2023 the Swipe (SXP) Mainnet Swap & Rebranding Plan to Solar (SXP) finally managed to interest buyers and the SXPUSDT price began to grow rapidly. Now is the time for SXP arbitrageurs, because you can catch a price difference between exchanges of 7-8% For example, at the time of writing, the price of SXP on WhiteBIT is $0.75, and on Binance is $0.81 Earnings - done, trading turnover is growing rapidly, and demand is pushing the price up. When can this hype come to an end? We assume that in the price zone of $1.10-2.10, you should at least be careful with your purchases. After all, in this price zone, increased sales of SXP from the "happy owners" of this token, who bought it at this price 2 years ago, may begin) In the meantime, you can and should make money on cryptocurrency speculation) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
38
Should rise above 0.5810...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (SXPBTC 1W chart) The key is whether the price can sustain the rise above 0.0000 3071 to 0.0000 4386. Trading in the BTC market is not easy. Therefore, what you need to check on the BTC market chart is the strength of this coin (token) against BTC. Whether the BTC price rises or falls, if the BTC market chart of this coin (token) is showing an upward trend, it can be interpreted that as many people want to buy this coin (token). This is because the price of the stablecoin market chart (USDT, BUSD, USDC) will fluctuate according to these movements. However, it is not necessary to look at all coins (tokens) because the BTC market chart or USDT market chart moves almost the same for coins (tokens) with a low market cap. Therefore, there is no need to check the BTC market chart for SXP coins. ------------------------------------------- (SXPUSDT chart) As it rises above 0.4110, it appears to be trying to break away from the bottom. However, in order to completely break out of the bottom, the price needs to rise above 0.5810 to maintain the price. why? Did the price rise... why? Could the price have gone down... It may be natural to want to know this. However, volatility happens and knowing why doesn't help you in trading. On the contrary, as you learn the reason, your subjective thoughts will become stronger, and the possibility of making an erroneous transaction will only increase. So, when you see a chart where prices have surged or fallen like this, it's good to see how the next wave forms. It is not a good idea to create a trading strategy after volatility has occurred. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
3
✴️ Swipe Higher Highs, 5-Steps Pattern, Bullish ConfirmationThere is a 5-Steps pattern that we looked at together last week, if you follow me daily, you understand and this works as confirmation, bullish confirmation. #1, A low hit December 2022. #2, A bullish breakout in January 2023. #3, A correction that ends mid-March. #4, Resumption of the initial bullish move. #5, New high. This is the first pair that already hits a new high and completes the 5-Step pattern. All the other charts that I showed you with this pattern will do the exact same thing. High volume and current price action confirms what I've been sharing with you. We can only enjoy the ride up, nothing more. Check my latest Bitcoin article, there will be a medium sized bull-run and go for longer than expected ('Related Ideas' below). Thank you for reading. Thank you for your trust. Thanks a lot for your amazing and continued support. Namaste.
Long
by MasterAnanda
3
Sxp | Breakout Trendline Breakout Already Confirmed, we can expect a retest and if the retest is successful buyers take hold, then 40-70% bullish move is expected. always wait for Momentum candles at the retesting price to detect a successful retest. These are our expectations, Allah knows best Remember: We only give ldea's from our experience and knowledge, it does not mean that it will be 100% correct, the market is always unpredictable, anything can happen anytime. Always trade with your own research and knowledge. If You Are Satisfied With Our Work Then Join.
Long
by Crypto-By-Ghazi
2
SXP Bulls in Town!Alright, let's dive into the world of SXP! Currently priced at $0.4800, SXP is showing some promising signs in the 4-hour timeframe. The Relative Strength Index (RSI) is at a relatively high 76, indicating an overbought condition. However, don't let that scare you away just yet, because the volume oscillator is at a bullish +6.74%. That's right, the bulls are in town! Looking at the Fibonacci retracement levels, we have 0.3048, 0.2769, and 0.2490. Keep an eye out for a potential correction toward the 0.3048 level before considering a long position. But wait, there's more! The Moving Average Convergence Divergence (MACD) is showing a bullish trend with a reading of 0.0595, and the Stochastic oscillators are at 65.5, indicating that the current uptrend may continue. Now, let's talk about those Bollinger bands. On the 4-hour timeframe, the upper band is at 0.5389, the lower band is at 0.1560, and the middle band is at 0.3474. If SXP manages to break out above the upper band, that could be a strong signal for a continuation of the current uptrend. Last but not least, we have the Hourly Exponential Moving Average (EMA) of 50, which is currently at 0.3249. This indicator can help us identify potential support levels, so keep it in mind when considering your entry and exit points. Overall, the technical analysis is looking pretty bullish for SXP. While the RSI is indicating an overbought condition, the volume oscillator, MACD, and Stochastic oscillators are all pointing towards a continuation of the current uptrend. Keep an eye out for a potential correction towards the 0.3048 Fibonacci level, and watch for a breakout above the upper Bollinger band as a potential entry signal. Good luck!
by MonoCoinSignal
8