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SXPBTC

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/BTC LongSXP/BTC looks like it is going to make a nice move within the coming weeks: MA30 has bullishly crossed above the EMA100 for the first time ever and is now acting as support. A lovely inverse Head and Shoulders has been printed and we can expect, once price has confirmed the S/R flip of the neckline around .00006791, that price will continue upward toward the iH&S target of .00011629 Ichimoku is bullish: -Kumo cloud is green -Tenkan is above the Kijun while both above the cloud -Laggin span is above cloud and price -Kijun temporarily acting as resistance, however price is being squeezed between the Kijun and MA30 and with the rest of the chart looking bullish, it seems likely Kijun resistance gives before MA30 support does
Long
by Hrempe
SXP getting ready to flySwipe price is now fighting against strong resistance zone. If we break this level, we can see a major pump here. In the last days we have retested strong support zone (100 EMA, support zone and bottom trendline) and gained pretty good momentum. The best entry will be after breaking and retesting the resistance - I'll be looking for an entry here. Depending on when you want to take the profits, most reasonable stop loss levels are below the current resistance or below the trendline. (Not a financial advice)
Long
by SmallCryptoBoy