SXP
🆓Swipe/USDT Analysis (15/2) #SXP $SXPSXP is in the correction phase after rising sharply from January to now. This rapid decline is usually a good sign for an uptrend in the near future.
1.8$ zone is a reliable support zone to push SXP pumping up to 2.6$ zone to conquer and up to 4$ zone by the end of this February.
If $1.8 zone fails, then $1.25 zone is a reliable support zone that is sure to have a strong buying force that is easily profitable.
📅NEWS
👉Feb 28 : Swipe Ignition
👉Apr 30 : V2 Wallet App
📈BUY
-Buy: 1.70-1.80$. SL B
-Buy: 2.55-2.65$ if A. SL B
📉SELL
-Sell: 2.55-2.65$. SL A
-Sell: 3.90-4.10$. SL A
♻️BACK-UP
-Sell: 1.70-1.80$ if B.SL A
-Buy: 1.22-1.27$. SL B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
SXP - Push to new ATHSXP Hits mark - Overbought SXPUSD and SXPBTC with possible bearish divergence on the RSI but also possible push to €3.6.
Expecting a few days consolidation here. Watching for break of upward trend before any major profit taking although other options with greater upside.
Best, HF
SXPUSDT - Keep growingDear mates,
SXP is being supported quite well when it is above 2.4 $ by both the bullish and bearish channel.
I hope the price can reach 5 $ as expected. The price should buy in the range of 2.48-2.6$, don't join too late.
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Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
Xin Liar
SXPUSD Start of Bullish MomentumSwipe (SXP) has bottomed out at 0.623 and reversed off this level, starting to go long and form its bullish momentum.
What is SXP?
SXP is a cryptocurrency that powers The Swipe Wallet. The Swipe Wallet has been designed to require Swipe Tokens SXP to perform all functions and utility of the Wallet including to use the services and to make withdraws. Users on the Swipe Wallet can buy, sell, and pay with their cryptocurrencies to fiat directly within the Wallet application as well as purchase Gift Cards and make instant exchanges between all supported assets.
Users are able to use their SXP tokens to launch and there are also tiered benefits based on the SXP holding on the Wallet Contract.
Swipe has a circulating supply of ~85M and a total supply cap of 300M.
Entry Targets and TP Levels
Perfect entry on SXP would've been along the weekly support accumulation zone at 0.623 - 0.767. It has already gained the 1.174 level as support going long towards the other TP levels.
Seen on the chart, the next level to take profits i'm looking at is $1.52 - $1.745
The long term target is TP3 at $4.322, the swing high (previous ATH) created in the August pump right before the BTC dump at the end of the month going into September. From that move, it is now reversing, 4 months later.
SXP is going to swipe upAfter the announcement that there will be a FTX card powered by Swipe, SXP pumped. That move was foreseeable as Sam Bankman-Fried hinted it earlier. Now Swipe is backed by Binance and FTX.
I still think there is a lot of way up for SXP . Interestingly fibs match the resistances quite well. An ATH is to be expected.