SXPUSDT
SXP/USDT Update: Fully reached our >200% Target. SXP did very well the last month and gave us >200% gains.
Hope you enjoyed the ride.
After such a rally and looking at the bearish divergence (price action against volume) it looks like we get a drawback before we aim for 5$.
Possible entry zone is shown with the box.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
SXP/USDT is about to increase again?Hi every one
SXP / TETHERUS
there is an ascending triangle on the SXP/USDT chart which the price has broken out of it but we must see what will happen to this day's candle will it be in the triangle or not? anyway there is also regular bearish divergence(-RD) on both RSI and MACD in the 12H time frame so we can be certain that there will be a bearish movement to the upper line of the triangle at least and than the trend would continue!
if the daily candle can make the upward break out we can expect that the price would increase as much as the measured price movement.(AB=CD)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
SXP - Looking very good! 5$ 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$
Follow me for daily trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
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)