SXP - 4h. Good chance for 20% tradeAn interesting situation in the SXP market. On January 27, buyers aggressively attacked the range of $1.24-1.27 . As you can see from the volume and number of attempts to break through this range, the plans of buyers were serious .
It took several days for buyers to buy out the entire offer on the market in a narrow consolidation. After a local test in the range of $1.24-1.27 on February 2, the buyers proved their strength and are ready to push the price higher.
At the moment, the SXP price is in the consolidation channe l. If buyers can consolidate above $1.55 , we will see a sharp rise in price by 20%. The main goal is the range of $1.74-1.8.
An interesting fact is that we wrote about the growth of this coin much earlier in our global idea:
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Sxpusd
Top 4 coins of the week that didn't pop yet - Altseason 2021 Money is in the DEFI coins right now.
ETH and other major could do 2-3-4x but the 10-20-50x will be in the DEFI coins in my opinion.
All the biggest winners for January 2021 are in the DEFI category : name it - AAVE, CRV, REN, DOT, LINK and i pass some.
Now we are looking at the ones that didnt really start that parabola curve we are searching for.
My list is bigger but i put have to choose. I'm 50% of REN and CRV profits in this top 4, and a lot of money that slept for too long
in my Major Caps (top 30 CMC) that i started to sell a bit to go bigger in DEFI.
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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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.
SXP CryptoCurrency Price consolidating below ResistanceSXP swipe cryptocurrency price consolidating below the resistance zone also cryptocurrency price holding the trend line support really good.
Trading Tips : trend line support is really handy tool in bull market for support and resistance trading.
Ichimoku cloud also turned green and looks ready to move. price can move really high once close above the resistance.
"Ichimoku Kinko Hyo, usually shortened to "Ichimoku", is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves."
You can buy SXP cryptocurrency token below resistance as long as price holding the trend line support .
after breakout of the resistance you can set stop loss at comfortable level. and keep manage your trade.
else you can enter when price make a breakout above the resistance
✳️Swipe/USDT Analysis (15/1) #SXP $SXPSXP may not be able to rise in the coming days but will fall sharply from $1 zone to $0.6 zone and then rebound back to $1 zone and will rise sharply after February 12 (Lunar New Year).
If $0.6 zone continues to lose, it will slowly fall back to $0.4 zone, which is a good zone to buy.
📈BUY
-Buy: 0.55-0.6$. SL B
-Buy: 0.95-1$. SL B
📉SELL
-Sell: 0.95-1$. SL A
-Sell: 1.3-1.35$. SL A
-Sell: 1.65-1.7$. SL A
♻️BACK-UP
-Sell: 0.55-0.6$ if B.SL A
-Buy: 0.4-0.45$. SL B
-Buy: 0.95-1$ if A. SL B
-Sell: 1.3-1.35$.SL A
-Sell: 1.65-1.7$.SL A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
SXP 12h H&S reversal and up or false hopeAnyone who has been following our ideas for a long time should remember that we wrote about SXPUSDT for 60 cents back in September.
Then, in the previous ideas, we confirmed that the target is relevant and this happened)
We hope that those who hated us in the previous ideas have successfully purchased)
Because we need to trade according to what the chart draws, and not how the "wants" suggests.
And now, on the horizon, there is finally a ray of hope for growth.
Possibly H&S reversal pattern is forming on the chart.
If the price can fix higher, while the impenetrable zone, $1.10-1.30, then there will be a super chance for the SXPUSDT price to grow to $2.80.
Fly in the ointment: if the price fixes below $0.68 and the level $0.6 also be broken down, then the price will fall to $0.36.
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SXPUSDT ( Channel Breakout)#SXPUSDT ( 1H chart) Technical Analysis Update
Channel Breakout
SXP/USDT currently trading at $0.845
Long Entry-level: Above $0.90 (Enter long after 1 h candle closes above $0.90
STOP LOSS: below $0.79
Reisstance level 1 (Target 1): $1.05
Resistance level 2 (Target 2): $1.180
Max leverage: 3X
ALWAYS KEEP STOP LOSS..
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SXPUSDT (Descending Channel Breakout)#SXPUSDT (Day chart) Technical Analysis Update
Descending Channel Breakout
SXP/USDT currently trading at $1.03
Long Entry-level: $0.90 to 1.05
STOP LOSS: below $0.76
Reisstance level 1 (Target 1): $1.26
Resistance level 2 (Target 2): $1.85
Resistance level 3(Target 3): $2.50
Max leverage: 2x
ALWAYS KEEP STOP LOSS...
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