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Sxpusd

SXP/USDT can do both bullish and bearish movement!Hi every one SXP / TETHERUS SXP/USDT is in a symmetrical triangle right now. depending on which way this pattern breaks we can consider a bearish or bullish movement! if the break out is downward than It's bearish or the break out is upward than the movement is bullish .we just have to be patient. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
27
SXP to $10I have been extremely bullish on Swipe (SXP/USDT) for a while and even more so with several upcoming events such as the token burn in August 2021 where the founder of Swipe, JL will burn 10M SXP (currently worth over $25 million) from the Founders unlock. JL has recently burned a whopping 50 million SXP tokens (Valued at $200M) which decreased the total supply by -17.5%. Ultimately, the goal of reaching their deflationary target of only 100M Swipe tokens is nearing, whereby the supply of Swipe tokens will be reduced by over 50% from the current total supply (239.6M). The recent launch of Swipe v2 was very successful and there is huge anticipation for the upcoming SwipeChain testnet launch on July 6th 2021. Fundamentally, the future looks very promising for SXP holders. Bitcoin's huge -50% retracement from ATH this week resulted in a bloodbath for Altcoins. With surplus FUD circulating the price of BTC flash crashed to $30k, and alts were down over 50-70%. This has provided a great opportunity to buy the fear and secure a long term entry on SXP which has retraced -70% from its local high of $5.87 in early May 2021. The daily RSI has also cooled off and reached oversold levels 30. It is important to monitor BTC closely for now, which has bounced promisingly from the low of $30k already, currently trading at a price of $41650 at the time of publishing this idea. If Bitcoin can successfully regain $42k (200 daily EMA), then I believe the market sentiment will flip bullish again in the short-medium term with eyes on the 21 weekly EMA (at around $46k) being the next major resistance for BTC. We are already +30% up from my entry at $1.79, which was communicated to my premium group yesterday. Pay close attention to the upcoming resistance levels on the chart highlighted by the red horizontal lines, once these levels are broken and confirmed as support I believe SXP will swiftly rise towards breaking its ATH and reaching our target of $10 which sits below the 2.618 fib extension level. If you are interested in receiving time sensitive entries and market updates in my premium group, follow me on TradingView and send me a message for further information. Be sure to follow me here on TradingView if you want to receive future updates and SL adjustments for this trade and many more. Disclaimer : This is only my opinion and should not act as financial advice, always DYOR (Do your own research).
Long
by TheBitcoin
2
Alternate CountThis seems like a possible count. $2.60 is the level that Must Hold for this to be right. Like I said before, I am not selling my coins that I bought at $5 And I will buy a LOT more if it goes to $3! xD xD xD Curious about the big volume in this consolidation though, which is part of the reason I don't want to sell. Large volume usually indicated a wave 3, which could mean we are already in the next uptrend and don't know it yet. Hence, HODL and buy the dip. Just my opinion though.
FTX:SXPUSD
by MonetaryRebel
1
SXP - Looks weak! (As you asked)The is a support area holding the price up but the demand volume isn't that high, so there's a possibility of more correction. Short your positions if it crossed the support area with a dump confirmation. However, if the price pumped up and crossed the resistance area, open long positions and aim for those 2 Targets based on your risk level. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
6
SXP/USDT great bullish potential!Hi every one SXP / TETHERUS SXP/USDT has formed a reversed head and shoulder so this means after the breaking of the neckline the price can increase as much as the measured price movement which is as much as the length of the head! we just have to wait for the price to break the neckline! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea Have a nice day and Good luck.
by CobraVanguard
5