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SXP

SXPUSDT (SWIPE) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - SXPUSDT brokeout above the descending trendline resistance (DTR-1) and retraced, breaking down below the ascending trendline support (ATS). - Price retraced for a test of the 0.618 fibonacci retracement level. - The retracement was resisted by the descending trendline resistance (DTR-2). - Price brokeout above the descending trendline resistance (DTR-2). - Price action is printing an ascending triangle pattern. - An ascending triangle pattern is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
2
Swipe (SXP) token analysis – why is it worth it? What Is 🌟?Swipe (SXP)🌟? Swipe (SXP) is a token designed according to the ERC20 standard of the Ethereum Blockchain platform. SXP tokens belong to the Utility token category with the purpose of being the main cryptocurrency in the ecosystem, providing services distributed by Swipe. The SXP tokens are created with a deflationary financial supply as all transaction fees include the use of SXPs via wallets, Smart Contracts supported by the independent Oracle Swipe. - ❇️Features of Swipe (SXP) token SXP tokens have the following features: 1-Discounts up to 75% on fees 2-Rewards up to 1% on existing card reward percentages 3-Used as gas for network fees for all transactions 4-Can be spent via Swipe Card to gather at millions of merchants worldwide 5-Provides deflationary currency because 80% of transaction fees are automatically destroyed by the smart contract on the Ethereum blockchain 6-Swipe Slate Metal Debit Card is required 7-Redeemed into digital gift card payments ❇️-Team The SXP token development team is composed of developers from various industries and has experience in blockchain technology development. New tokens appear almost every day in the world of cryptocurrencies. 👉Why is it worth buying SXP? This token is distinguished by technologically advanced solutions and a platform that has gained the recognition of crypto traders. Swipe supports the adoption of cryptocurrencies on a large scale. And the greater popularity of the application may translate into an increasingly higher price of the token. -❇️Conclusion The SXP token was born as a utility token with the purpose of gas or reducing costs. Demand for tokens of the market is real soon. However, not only SXP tokens have this goal, but many other projects have the same ambition. -------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As we can see in the weekly timeframe logarithmic chart above, The current price roam about 2.5$,we can see when the candle will complete about 1 day later , I guess it will form an ascending hammer , as in the previous analysis and continue its move. As we can see in the picture, we have examined from the perspective of Elliott waves and it is completing the second wave and we expect it to complete its third wave up to the range of $ 14-15. And after the correction in Wave 4, you can imagine a long-term final target of even up to $ 40. Anyway, my constant suggestion yo anyone is to buy step by step , With proper capital and risk management and keep the stop-loss because everything in the market is based on probabilities and there is no certainty. -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades.
Long
by PRO_SMART_Trader
9
SXPUSDTSXPUSDT doesn't look good, It's following the big cryptocurrencies and on a downtrend. This coin actually has too many resistance areas to break if it wants to go back up. Right now it's pushing the lower band down and the $1.7 - $2.0 area is the support for now. If it breaks support: a liquidation and fall is expected. If it breaks out of the "white line" above the green support lines, then we can see a break out through all those resistances. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
SXP ideaHi Friends, It has been a heavy lose in the market, hope you HODL strong and make profits soon. A quick idea on a 12 hour chart for SXP the up bullish trend (Trend) and strong support line (S1) line has been tested and we have rejected from this point, if we maintain this support we can see a quick recovery with in the next few days to a week (Green). If we fail to hold this support, a possible drop to the second support is possible (S2). I do not think it will drop any further than this, I actually think its more likely that we will respect the upward trend line and bounce upwards. Do let me know what you think or and comments good or bad will be appreciated. Keep save traders.
Long
by DonPony
1
🔥 SXP Continuing Run-Up: Path To All Time HighSXP has seen a strong H4 candle this morning. After yesterday's sell-off, some cryptos are reversing rather quickly, SXP is one of those. This trade is based on the idea that, after yesterday's sell-off, the crypto market will see a strong rebound. Just like it has been doing for the last couple of weeks. On the chart I’ve marked two potential areas of resistance, $4 and the all time high area around $5. Do your own due diligence. Happy trading!
Long
by FieryTrading
15
SXP 12H Earned, it's time and honor to have, the final chordHello, today is the time to update the idea for SXP since the H&S pattern has fully worked out its potential. We described in detail about the H&S and goals for growth in the previous idea, who believed and used it - made good money. Now what? Now the price of SXPUSDT is approaching the levels, where the time comes to fix your longs a little bit. I n the area of ​​$3.60-4 , a protrade is possible, the logical completion of which will be an impulse. We are not psychics to clearly name where the price will move next, but we recommend that you closely monitor the price behavior in this zone. The impulse can equally shoot up by $5 and down to the area of ​​$2 The absolute maximum of the SXPUSD price passes about $5, and so far we cannot believe that the maximum will be updated the first time. Now, in our opinion, a deep correction is more likely. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
11