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Sxpusdtlong

SXP to $10I have been extremely bullish on Swipe (SXP/USDT) for a while and even more so with several upcoming events such as the token burn in August 2021 where the founder of Swipe, JL will burn 10M SXP (currently worth over $25 million) from the Founders unlock. JL has recently burned a whopping 50 million SXP tokens (Valued at $200M) which decreased the total supply by -17.5%. Ultimately, the goal of reaching their deflationary target of only 100M Swipe tokens is nearing, whereby the supply of Swipe tokens will be reduced by over 50% from the current total supply (239.6M). The recent launch of Swipe v2 was very successful and there is huge anticipation for the upcoming SwipeChain testnet launch on July 6th 2021. Fundamentally, the future looks very promising for SXP holders. Bitcoin's huge -50% retracement from ATH this week resulted in a bloodbath for Altcoins. With surplus FUD circulating the price of BTC flash crashed to $30k, and alts were down over 50-70%. This has provided a great opportunity to buy the fear and secure a long term entry on SXP which has retraced -70% from its local high of $5.87 in early May 2021. The daily RSI has also cooled off and reached oversold levels 30. It is important to monitor BTC closely for now, which has bounced promisingly from the low of $30k already, currently trading at a price of $41650 at the time of publishing this idea. If Bitcoin can successfully regain $42k (200 daily EMA), then I believe the market sentiment will flip bullish again in the short-medium term with eyes on the 21 weekly EMA (at around $46k) being the next major resistance for BTC. We are already +30% up from my entry at $1.79, which was communicated to my premium group yesterday. Pay close attention to the upcoming resistance levels on the chart highlighted by the red horizontal lines, once these levels are broken and confirmed as support I believe SXP will swiftly rise towards breaking its ATH and reaching our target of $10 which sits below the 2.618 fib extension level. If you are interested in receiving time sensitive entries and market updates in my premium group, follow me on TradingView and send me a message for further information. Be sure to follow me here on TradingView if you want to receive future updates and SL adjustments for this trade and many more. Disclaimer : This is only my opinion and should not act as financial advice, always DYOR (Do your own research).
Long
by TheBitcoin
2
Huge Profit PotentialThis trade is going to be huge on the upside in the end and might already be starting. We may get one more wave down though so don't get freaked out if that happens. That fib suport of 0.618-0.65 should act as really good support. So if THAT fails, then maybe something's wrong with the count. Honestly super happy with this chart pattern. If this doesn't work out I'll have to hang up my hat. Not financial advice. Let's call it a really really big hunch.
Long
by MonetaryRebel
6
SXP - Looks weak! (As you asked)The is a support area holding the price up but the demand volume isn't that high, so there's a possibility of more correction. Short your positions if it crossed the support area with a dump confirmation. However, if the price pumped up and crossed the resistance area, open long positions and aim for those 2 Targets based on your risk level. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
6
SXP is free Bird to fly now !!Hey guys welcome for a fresh update on SXP -------------------------------------------------------- SXP now enters Price Discovery Mode -------------------------------------------------------- As Swipe has very good ecosystem and Looks promising token as it has benefit over other token It can be used for fiat as well as Crypto ( Digital ) Where its standing today ? SXP has came a long way up and we already had good gains on it.. Now SXP enters Price Discovery mode breaking Standing at top of its peak And Can Go Mad from Here !!! So bags must be filled between $4.5 - $5 And I recommend Not to take any profits below $9 I hope its beneficial for you !!! Don't Miss Out on it.... Give a thought to it and manage your risk carefully... Let me know whats your target and suggestion In Comment Section Will Be back with another Premium Analysis in the mean time.. -------------------------------------------------------- Thanks for reading... Give us a THUMBS UP if you like it... -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
Long
by Husain_Arkghazi
4
SXP/BTC DOWNTREND PARALLEL CHANNELHello people! SXP/BTC chart looks like after this DOWNTREND PARALLEL CHANNEL another breakout will come. I will look for a new long option after this breakout with confirmation :-) are now in the 4 hour chart already failed at the resistance times but the breakout will come. But it does not look so bad. In SXP/USD today we have already seen a very nice PUMP, think that we soon break out in SXP/BTC :-) Good luck with the trade :-) Registration link for PHEMEX EXCHANGE: phemex.com Registration link for BINANCE EXCHANGE: www.binance.com Registration link for IMBA EXCHANGE: imba-exchange.co YOUTUBE CHANNEL from EGALITE: www.youtube.com Homepage: egalitesignals.com EGALITE
Long
by IDDTrading