SXPUSDT trade ideas
SXP is going to fly!As you see the chart above, I've counted the waves of SXP chart.
I think wave 1 and 2 from a larger degree is finished and the chart has started wave 3.
Within wave 3, wave 1 has been terminated and now it's in wave 2 which is a corrective one.
Due to Fibonacci ratios, I think wave 2 can be terminated in the area I've specified (61.8 ratios)
Pay attention, after that wave 3 will begin which is a powerful wave in the direction of a trend.
As always, Do Not Lag Behind! :)
GOING UP HIGHER : SXP/USDTAfter price hits it's recent resistance area @ around $5, it created bears immediately. The 50 and 100 Moving averages acts as support area, which means it is safe to say that if the price hits the 50MA it would rebound and continue it's bullish acceleration
SXP HIGH RISK HIGH REWARDPair: SXP/USDT
Type: Regular
Suggested entry: Under $4
Suggested Targets: $4.9, $5.9, $7.19, $8
Reason: Price broke resistance zone which is now acting as a supporting zone.
This is a risky call. I'd suggest a small bag, hold it. You can set your own SL. I'm not setting any myself at this time. This is subject to change.
Remember, everything is suggested. The final decision is always yours. I'm not your financial advisor.
SXPUSDT on Binance predictionBounced on daily MA 20
Waiting for pullback on 4.463
Possible consolidation between 4.0 and 4.8
Sxp PredictionI think Sxp is forming a continuation rectangle pattern. Let's see how does it go.
It will do ranging for a while then goes all the way to the top.
Long term target is $7, It will be in this month.
Just my opinion, not financial advice.
SXPUSDT Technical and Fundamental AnalysesSXPUSDT Confirmed to break all previous resistances, Now it going to pass the current channel above 5.55$ to reach 7.75$, Present price is on the strong support line in 5.07$, If it drops it can be back soon anyway
Joselito Tweet's: "So many action packed announcements over the last few weeks on @SwipeWallet & @VenusProtocol and we have many more we want to share. $XVS $SXP "
and JLSwipe promised to many surprise soon
So in this cases it seems ALL good to HOLD this valuable Cryptocurrency
Critical Times for SXPThe SXP has been traveling in the tunnel for a while. Now it's close to the lower limit. If it doesn't return to the tunnel again, we may see a critical drop in its price. If it breaks the upper limit in the coming days, we can see a nice price increase.
SXP A B.OHi Everyone
SXP managed to break the strong resistance of 5 and now we have to wait for the Accept Break Out.
SXP/USDT: Huge Cup and Handle on the daily!SXP has been respecting fib levels to the dot and only recently, it has managed to hit an ATH at 5.638, with a major strong support validated at the 2.52 zone. On the larger timeframe an obvious cup and handle has been forming over several months. Now we look for a retracement along side BTC approaching resistance, with ENTRY LONG targets of 0.618 to 0.5 fib levels, which has previously served as a strong support - the $4.5 zone has seen repeated rebounds after SXP gets rejected off $5.2 resistance in the earlier days of April 2021.
ENTRY: 4.35-4.7
Targets: 5.6, 7.588 and 9.1252 (the completion of the cup and handle formation)
SL: For stop loss we can choose a tight stop at $3.9509 or if would like more allowance for volatility, stop loss can be placed at $3.4798, beyond which a bullish retracement is definitely invalidated and we look more for a DOUBLE BOTTOM or a RANGE between $2.5-5.5
NOTE: A daily bullish close above 5.01 would mean validation of the previous resistance cluster as support, which might mean our entries may not even be filled. However, this is not a likely scenario due to the extended run SXP had went from 23 April without a real correction.
SXP predictionI think SXPUSD will continue a bullish run. Best time to buy is beginning and middle of the month.
SXP for $ 10 soon !!!SXP tranding beautifully and still forms higher highs and higher lows. We will probably attack the $10 price during this bull market.
Currently, SXP has seen great growth in recent days.
According to the volume, it seems that the bulls are running out of power and we can expect a probable drop slightly below 5 USD.
Subsequently, I expect further growth and new ATH above $6.
SXPSWIPE/SXP. Thoughts are in the green box as to why i am bullish. Yellow line depicts my thesis for price action. not financial advice.
