SXPUSDT (SXP) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SXPUSDT is consolidating in an ascending triangle pattern.
- This is a bullish build up pattern.
- Price testing the ascending triangle's horizontal resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
- Projected ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
SXPUSDT
SXP CryptoCurrency Price consolidating below ResistanceSXP swipe cryptocurrency price consolidating below the resistance zone also cryptocurrency price holding the trend line support really good.
Trading Tips : trend line support is really handy tool in bull market for support and resistance trading.
Ichimoku cloud also turned green and looks ready to move. price can move really high once close above the resistance.
"Ichimoku Kinko Hyo, usually shortened to "Ichimoku", is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves."
You can buy SXP cryptocurrency token below resistance as long as price holding the trend line support .
after breakout of the resistance you can set stop loss at comfortable level. and keep manage your trade.
else you can enter when price make a breakout above the resistance
SXPUSDT UPDATE!!!!!!Hi Traders,
We're currently sitting own a 12% increase just today. No signs yet of sellers taking control. If this trend continues there will be a good entry for a short term long, if not look for an entry back to the downside once more selling takes place.
Thanks
The Market Sniper Team
$SXP/USDT 3h (Binance Futures) Head & Shoulders + Triangle breakSwipe broke-down that H&S and is retesting the neckline right now, I believe it's a good timing to enter.
If managed to break-out then red trendline and enter back inside the ascending triangle then we'd rather switch to long!
Current Price= 0.9360
Sell Entry= 0.9329 - 0.9569
Take Profit= 0.8769 | 0.8124 | 0.7371
Stop Loss= 1.0018
Risk/Reward= 1:1.2 | 1:2.33 | 1:3.65
Expected Profit= +14.40% | +28.04% | +43.98%
Possible Loss= -12.04%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 120h
✳️Swipe/USDT Analysis (15/1) #SXP $SXPSXP may not be able to rise in the coming days but will fall sharply from $1 zone to $0.6 zone and then rebound back to $1 zone and will rise sharply after February 12 (Lunar New Year).
If $0.6 zone continues to lose, it will slowly fall back to $0.4 zone, which is a good zone to buy.
📈BUY
-Buy: 0.55-0.6$. SL B
-Buy: 0.95-1$. SL B
📉SELL
-Sell: 0.95-1$. SL A
-Sell: 1.3-1.35$. SL A
-Sell: 1.65-1.7$. SL A
♻️BACK-UP
-Sell: 0.55-0.6$ if B.SL A
-Buy: 0.4-0.45$. SL B
-Buy: 0.95-1$ if A. SL B
-Sell: 1.3-1.35$.SL A
-Sell: 1.65-1.7$.SL A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"