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Sxpusd

SXP - 6h. What do buyers need for a test of $9?The SXP market has been behaving quite technically lately. Our global idea , which we published on April 8th, works great: As we can see from our last idea, sellers managed to test the critical level of $2.65. At this mark, we see that the SXPUSD price has reversed. Even large volumes did not help sellers to make the correction in the SXPUSDT market deeper. Thus, buyers have proven their interest in continuing the upward trend. If we analyze the daily timeframe , we can see that the prospects for continued growth remain large: But to realize this prospect, buyers need to pass the difficult liquidity zone of $4.9-5.2 . As you can see in the chart, buyers are trying to take control of this range for the third time. The fight for this price zone has been going on since August 11, 2020. This range is a historical high, which buyers cannot confidently update. Taking this fact into account, we do not exclude anothe r local fall wave. This correction should not fall below $2.65. The end of this correction within the current consolidation will be a good signal to buy this coin. However, if buyers do not allow the current wave of growth to stop, we should expect a breakout of the $4.9-5.2 range and its local test. It is in these two cases that we are ready to buy this coin. And now it remains only to wait, which of the scenarios will come true. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
49
SXP 1D Need fall by $2.60 so that later grow to $20Well, the goal of $5 has been achieved , a little not as planned in the previous idea, but still. Even the SXPUSDT price slightly updated the maximum, but so far these are false breakouts. Now, according to the SXPUSD chart, you can see that at the moment strong support has formed at the level of $2.60 , why shouldn't the Swipe price go there again?) And after there, it will be possible to start a long-term super growth in the region of $20 , of course, if the general mood on the crypto market will contribute to this. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
43