SXP the lost puppy from Binance Considering the market overall current spike, SXP remains almost all year a non-mover. And even the move from the Abyss of May to the local high of Sep, it didn't perform much.
I have a history of losing chances with SXP in the past. Will SXP take me down again this time?
Here is the outlook, that confirms this Alt is forgotten and non-mover:
1) Overbought on the 4H RSI chart
2) neutral on the 1D RSI chart
3) still a red signal on the Ichimoku Signal
4) far from being green on the Ichimoku Cloud
The question remains will Binance rescue its puppy or let it have a slow quiet of death? I am betting with my wallet on a rescue mission.
SXPUSDT
SXP LONG TERM $50 This is what I see happening for SXP in the coming weeks/months, reaching a price target of up to $50.
The fractal was taken from BNB daily chart when it first listed right up to its first breakout.
It only makes sense because they both have the same use case and I really think it will play out.
SXPUPUSDT BULLISH SIGNAL UPDATE!As you all know, SXPUP is not performing well from last 4 weeks and according to the Chart patterns, BULLISH TRIANGLE is formed, Breakout formation is also nearly there and also indicators e.g. RSI showing bullish signal.
DYOR Before taking trade, as I'm not responsible for your loss.
RISK FACTORS:
Market/BTC CRASH
Duration:
MID-Term (1 - 2 Months) Trade.
Happy Trading :)
Good Luck!
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Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
Weekly MACD and RSI contractionHi,
Noticed a weekly contraction on both signal indicators MACD and RSI (to be confirmed) on the pair SXP/BTC and I am wondering how to interpret this.
On a weekly basis, this could be a very strong signal. So, which direction will take the movement if any? Is an explosion of SXP in preparation?
Please share your thoughts.
Thanks
SXPUSDT BULLISH MIDTERM SIGNAL UPDATE!!As you all know, SXP is not performing well from last 2 weeks and according to the Chart patterns, Ascending Channel is formed, Breakout formation is also nearly there and also indicators giving bullish signal.
MID-Term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/BTC CRASH
HOLD TIME 1-4 Months
Happy Trading :)
Good Luck!
If you like my idea, please support:
Binance Smart Chain (BSC): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
SXP/USDTSXP is now retesting the resistance of 3.9 - 4.1 area. So far SXP unable to close a candle above the resistance area and the long wicks showing selling pressure. Wait for a candle close above this resistance level. The support is 3.45 - 3.55 and this is good buy zone for SXP. Wait for a breakout or a retest of support zone.