SXPUSDT
SXP.USDT (Y21.P2.E1).Cup and HandleHi Traders,
This is an odd chart but the shape fits, it might be just that.
If you look at the rest of the history of this, its even more puzzling.
If this ever brakes the top neckline, this could be a huge opportunity.
We have the daily and weekly resistance level above.
Phoeix indicator on the daily is still below 50%
All the best,
S.SAri.
ATH NEXTSXP looks really good, one last resistance ahead (blue box), price needs to close and consolidate above, and I see almost no resistance for a new ATH.
This coin never had a proper bullish cycle and still looks in quite a early stage, so is a perfect pick imo. I'll be buying any pullbacks, aiming for those objectives in chart.
SXP vs USDT Fibonacci AnalysisBottom chart is for reference to show where the fibs are drawn from.
On SXP we can see that it is currently in a falling wedge. It is still in a downtrend on this section, making clearly lower highs and lower lows.
There is very clear support at the point marked in a purple box because:
-It is a horizontal zone of high volume, meaning there are likely to be a lot of buyers waiting there.
-It is a 0.618 on the fib of the last upward impulse move (fractal continuation fib)
-It is a 0.382 on the long term fib of the large upward move (continuation fib)
It is currently bouncing off a low volume zone, which is bullish if there is significant follow-through. I am not sure there will be. So I waiting for price to go a bit lower, on another capitulation, before entering. It is a safe entry in my opinion. If it gets filled, great. If not, look for more trades.
Remember to keep a level head and take profits when trades go your way!
SXPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
This currency has had a fall for some time and after breaking out of the line has also made the pullback. Now it is ready to go toward its TPs.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
The Cup and Handle Pattern If we see a price reversal here, it will complete a very pretty Cup and Handle pattern. Oh baby, come to papa!
SXP BULLISH BREAKOUTSXP bullish breakout forming cup handle style. Bullish news released time to fly.
SXPUSDT Retracement In Play, Get Ready! 📉SXP is bullish this month. Keep an eye on it. Moon Cup formed on the daily or otherwise called Cup-and-Handle .
Then a huge parabolic move, close to the ATH of $5 . Bulls failed to push higher beyond known Resistance of $3.5 area.
Bears took over for a ride down. Though after the latest rally, it is crypto-logical to see a retracement before returning to hit ATH .
Support levels on the way down at $2+ and another near Pivotal zone
Death Cross already in play on EMA, 1H.
I expect a bounce from Yellow Zone , near 618 Fibonacci.
If broken, we go lower near Red Zone except Bulls show great courage.
You may set buy entry near the zones, employ DCA in your buying strategy. I have my trap at $2.53 . if it drops lower, I will buy more using DCA .
SXP was moving irrespective of BTC , hope to see more of it again.
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Woohoo! Nice RideOn a 15 minute chart, I see a long upward trending channel. Notice that SXP is sitting right above the top of the upper line. If it breaks through, I see support 3.35 - 3.30. If it busts through those, I'm looking for a bounce off the bottom of the channel at approximately 3.00. Alternatively, perhaps a bounce off the top of the channel and likely taking out the previous high of 3.78 on the way to test 3.98.
Keep in mind that it's come a long way in a short period. It's due for a well deserved rest. Good luck everyone!!!
