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SXP / TetherUS

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SXPUSDT trade ideas

$SXPSXP has gained massively lately and see where it has landed. Right into the monthly, weekly and daily resistance area. I don't rule it out squeezing higher but the risk-reward is good enough for me to enter a trade. Ofcourse the problem with buying wicks is that you don't get a confirmation on a breakdown but it's more suited to my risk profile. Therefore if you wanna play it safe wait for a break below and retest of the red resistance area and then short. Inversely a break above this red area would be a long into the green box.
Short
by TheDigitalStonks
SXP/USDT moved toward our prediction and target. what's Next?Hi every one SXP / TETHERUS (UPDATE) this is an update on the recent analysis of SXP/USDT which now you can see that the price has moved in the direction we predicted! the price has 3 bearish signs right now: 1-the price has touched the top of the broadening wedge pattern and Decreased from that point! 2- a shark pattern is pretty visible on the chart which has just been completed and now it's time for correction.the correction can be up to 0.618 or 0.78 line of Fibonacci retracement (strong support zone) 3- there is a regular bearish Divergence on MACD as well (-RD) so these signs makes us think that the price must start to decrease from this point. the correction can be up to 1.6 or even the bottom of the broadening wedge. there is a slight chance that SXP would break the broadening wedge if it happens the price can increase to 3$ which is a Pretty strong resistance as well. summery: -SXP/USDT has moved in the direction of our prediction and touched our target! -Multiple bearish pattern and signs! strong support at 1.60$ -slight bullish chance to 3$ Previous Analysis: 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
14
SXPUSDT is testing the weekly resistanceSXPUSDT is testing the weekly resistance inside a pennant. IF the price will is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– 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.
Long
by InkyGrip
16
SXP/USDT has Bullish PotentialsHi every one SXP / TETHERUS SXP/USDT is ranging in a broadening wedge and now price has some bullish signs! as you can see the price is at the bottom of this pattern and there is a Expected bullish movement from Here . there is also a Regular Bullish Divergence on MACD as well (+RD) .this is also a Great reason For us to be bullish On SXP. The price can reach the top of the broadening wedge which is also a Great Resistance for SXP. summery: -SXP is ranging in a broadening wedge pattern. -The price is at the bottom of this pattern (bullish sign) -Regular Bullish Divergence (+RD) is ⁩Visible On MACD (bullish sign) -Price can reach the resistance shown in the picture. 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
22
SXPUSDT🌟in lower time frames this alt shown a great bullish state which is abnormal in the current situation which means this alt is ready to jump high numbers of value in a short time so heads up swingers and profit hunters 👉This idea has the confirmation of "advanced price action" 👍 👉For more information don't be shy and get in private chat of trading view 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍
Long
by the-crypto-analyzer
SXPUSDT is starting with a minor retracement 🦐SXPUSDT is starting with a minor retracement 🦐 after a very nice breakout from the daily resistance. IF the price will confirm the breakut, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– 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.
Long
by InkyGrip
4