SXP - Looking very good! 5$ nextHere's a quick look at SXP 4 hr chart. This is one of the few coins that only has done 550% this bull market. SXP will be launching some new stuff such as main-net which will be a big improvement for the project. SXP Is one of those coins that still hasn't taken off yet in this bull market. I see this as one of the few coins that still got 20 to 50x left in this bull market. Its a great project for sure!
It will reach 5$ easy in its next big wave.
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 5$
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SXPUSDT
SXPUSDT (SWIPE) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SXPUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
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)
SXPUSDTSXP / USDT 12H
Three possibilities for "SXP" include:
1- Climbing and breaking the price ceiling 3.8
2- Suffering between the price of 2.8 to 3.8
3- Falling and breaking the support zone and taking action to reach below 2.4
The first two possibilities have a better chance
For the following reasons:
1- Support zone consisting of Ichimoku cloud, moving average, Fibonacci
2. Forming a cup and handle pattern
3- Pressure not to break the uptrend line
That passing through these is a surprising event.
what is your opinion?
SXP ( new ATH possible ?)SXP / USDT
one of coins that show strong volatility
In weekly chart we can see only growth and keep flipping strong weekly resistances into supports
If it can hold the current weekly support between
( 2.7$-2.5$ ) So we can expect another growth toward ATH or higher
If not then will test the lower support again which is less likey to happen here but also not excluded so dont let your guard down
Now i keep looking at weekly candles closure
$SXP Primed to Challenge All Time HighThere is a lot going on with this chart, and it all looks bullish. First, had a perfect retrace to the .618 fib after the crazy run to start the year. $SXP bounced well from that area and challenged the local high of the $3.80 range. We have retraced and bounced off of support in the $2.75 range. It appears that we are forming a nice cup and handle pattern here.
On top of all the above, there is a bullish divergence on the RSI along with a breakout. The 4h MACD is also turning bullish. This is all pointing to a serious price increase. If we break out from this handle, we should see the $3.75-$3.80 price again. The two diagonal lines at the top of the chart are resistance from previous all time high (Wick and close). If we can close above that, I fully anticipate a $5.00 $SXP.