Get started

SXP

April will be HUGE for Swipe! (USD)Swipe aims to solve one of the problems that were especially prevalent in cryptocurrency prior to this year, allowing users to spend their cryptocurrency in everyday life via a familiar debit card - and get rewarded for doing so. As more and more companies are adopting cryptocurrency as forms of payment, it may seem that the use case of Swipe will diminish, this a partly true. However, Swipe has established itself as a powerful player amongst rivals like crypto.com and the use case is certainly not something to worry about in the short term, especially while we are on the cusp of price discovery with constant developments like Swipe Swap. TA: - RSI showing strength especially since we are so close to the all-time high. - Break out above long term resistance a couple of months ago, flipped to support and sustained - Accending channel formed, tested the top twice with healthy fallbacks to support and bounces shortly after. - Significantly more volume since the beginning of the year, peaking in February but picking back up these last few weeks. - Predicting an Elliot impulse wave either this push up (as seen on chart) or the next one as the resistance becomes weaker. Won't be too hard to get some resistance support flips considering the recent ATH which price discovery was ruined by BTC. - Consistently being ranked high on the social blade - people are watching this coin, perhaps waiting for it to break out of the channel, pass the recent ATH or waiting for BTC to stabilise before they buy. - Possible ascending triangle formed within the channel. FA: - Swipe swap recently launched, which includes a generic swapping service as well as farming. - Tied with Binance, which is basically endless money and advertising stream for Swipe. - Use case is as a debit card where you can spend your crypto in everyday life, much like crypto.com. - They have had many complaints about the choppy user interface on Swipe swap and appalling customer support, however, I do not see this as something that will hold the price down, most investors aren't affected by these two negatives. I also assume that these things are being worked on. - No concerns about listings or accessibility for swipe as it is listed and run by Binance and their partners, Binance being the most used cryptocurrency exchange in the world. Buy big sell BIGGER - Megawhale
BINANCE:SXPUSDLong
by MegaWhale
1
SXP big break target setupNormally with camarilla pivots (these are the monthly levels) you want to enter on the break of L4 and restest for H5. The reason I suggest entry here is because the weekly levels are also setup for possible L3 (range bottom 4.09) to H3 (Range top 4.80) The weekly trade playing out would be confirmation of the maonthly and this may be an early entry opportunity. for a very tight stop could use just under 4 dollars. for loose stop could use this purple monthly pivot point.
Long
by Gunslinger2005
2
SXP break out soon ?? 📢 Hello Traders. Hope you are having a brilliant day. Well, I want to talk about SXP on 4H chart. As you can see, price lately broke the yellow resistance line with a nice green candle. What now? I think price is going to make a compression under the purple resistance which is ATH and then breaks out. Best buy positions are : 1) Pullback to the yellow line ( around 4.5$) 2) When it breaks the purple resistance and consolidates above or pullbacks to it. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis. Thank you guys for reading my idea on SXP and don`t forget to comment what you think. ✌
Long
by Existansilon
$SXP Cup & Handle - The handle begins to formThis is my first published idea, so cut me a little slack please :) I've been waiting for SXP to break out of it's cup, and it seems like we've had a few failed opportunities over the past few weeks. However, we hit the ATH today, which was quickly rejected back down to the level right above the the left side of the cup. This tells me that we're actually entering the 'handle' stage. Exciting, gentlemen & gentleladies. From here, we're looking for the formation of the handle. Rational thought tell us that handles typically last between 25% - 40% the total width of the cup. Unfortunately Crypto isn't rational--but we're still going to use that guidance, which would put us at a breakout of the handle between June & the first week or so of July. What we're looking for is a breakout into the green zone on extremely heavy volume. We'll be looking for something above $150M on the daily on Binance. If we do enter the 'green zone' on heavy volume before our predicted dates, we will be taking a long position as soon as both volume breaks $150M & price breaks it's previous ATH daily close of $4.72/$4.73. Our optimistic target will be the $8.90 area, as that would be the current height of the cup above the breakout area. Right now I'm staying neutral, but bullish in the short to mid-term. signed, biggest n00b in the world
by thecryptoent
3