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SXPUSDT

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?
by Technoarz
15
$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 $SXP.
Long
by ParCrypto
3
SXP - 5$ in the next big wave?Here's a quick look at SXP 4 hr. chart. The price action has been forming a bigger cup & handle, and in time of writing this post, the price is breaking out from the handle. Our first big obstacle will be to get through 3.8$. Keep an eye on this one. One thing to note here is that the price has been falling as well as the volume - thats a bullish sign. Follow me for daily trading setups BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
Long
by MBM_Crypto
2
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!
by StayHydrated1