🔥 SXP/USDT Strong Price ActionSXP/USDT has seen strong growth over the last week, hitting both profit targets as mentioned in my last SXP/USDT post.
Since price action seems strong enough to support a longer term bullish move, I'd see this coin reaching new highs very soon.
On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on swing highs and round numbers. Do your own due diligence.
Happy trading!
SXP
SXPUSDT To The Moon?SXPUSDT (Day CHART) Technical Analysis Update
Waiting for the resistance zone breakout
SXP/USDT currently trading at $1.30
Buy-level: Above 1.35
Target 1 : $1.81
Target 2 : $2.40
Target 3 : $3.20
Target 4: $4.35
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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SXP [special Crypto Altcoin on Binance] Moon potential - LONG 💣SXP has a very solid accumulation range from which it currently breaks out. It is already the 5th attempt to break through that resistance.
> the more often a level is tested, the weaker it becomes
> the longer the consolidation, the stronger the breakout.
If u put in Moving averages 10/20/50/100/200 on a daily timeframe we would see price is above all moving averages + MAs are curling up which is a very bullish base.
Fot the next month a isee at least a 100% Move here on SXP
SXPUSDT (SXP) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SXPUSDT is consolidating in an ascending triangle pattern.
- This is a bullish build up pattern.
- Price testing the ascending triangle's horizontal resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
- Projected ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.