SXP 1D Pattern "Cup with handle" and growth target $60On the fall in May, SXPUSDT buyers showed once again that they are not planning to let the price go below $1.30. By the end of July, the price of SXPUSD once again dropped to a strong mirror level of $1.30 , from which buyers began to drive the price up. SXPUSDT price growth at the moment shows more than +100%
If we look at the SXPUSD chart globally, we can assume that the "Cup with a handle" pattern is being forming now.
For the full completion of the formation of the "Cup with a handle" pattern, the SXP price needs to rise to the area of $5.50.
Well, when the pattern will be formed , and a positive attitude prevails on the crypto market itself, then we will need to fasten your seat belts)
Since the path will open for growth first to $10-11.
Further correction and continued growth to $25 .
And the icing on the cake can be " $60 for the SXP ", as the final global TP of working out the "Cup with a handle" pattern.
Eh, dreams — dreams :)
What do you think about such a scenario? Write in the comments!
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We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer — help us to be happier :)
SXPUSDTPERP
$SXPSXP has gained massively lately and see where it has landed. Right into the monthly, weekly and daily resistance area. I don't rule it out squeezing higher but the risk-reward is good enough for me to enter a trade. Ofcourse the problem with buying wicks is that you don't get a confirmation on a breakdown but it's more suited to my risk profile. Therefore if you wanna play it safe wait for a break below and retest of the red resistance area and then short. Inversely a break above this red area would be a long into the green box.
SXP Possible move's in midtermSXP breaks a long downtrend and if the price stabilizes can move upwards towards the targets.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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#DYOR
SXP HIGH RISK HIGH REWARDPair: SXP/USDT
Type: Regular
Suggested entry: Under $4
Suggested Targets: $4.9, $5.9, $7.19, $8
Reason: Price broke resistance zone which is now acting as a supporting zone.
This is a risky call. I'd suggest a small bag, hold it. You can set your own SL. I'm not setting any myself at this time. This is subject to change.
Remember, everything is suggested. The final decision is always yours. I'm not your financial advisor.
SXP breakout coming SXP is forming ascending triangle on the lower time frame and we expecting a breakout soon. Those who missed our SXP call earlier can enter now with stop loss. CZ recently tweeted that Binance is the biggest investor in SXP. Also, the founder of SXP burned all his initial SXP holdings that is 17% of the total supply.
Buy Zone: $4.5
Target: $4.95 - $5.35 - $5.85 - $6.3 - $6.9 - $7.4 - $8.1 - $8.8 - $9.3 - $9.9 (can go beyond these targets in long term)
SXP 1D Need fall by $2.60 so that later grow to $20Well, the goal of $5 has been achieved , a little not as planned in the previous idea, but still.
Even the SXPUSDT price slightly updated the maximum, but so far these are false breakouts.
Now, according to the SXPUSD chart, you can see that at the moment strong support has formed at the level of $2.60 , why shouldn't the Swipe price go there again?)
And after there, it will be possible to start a long-term super growth in the region of $20 , of course, if the general mood on the crypto market will contribute to this.
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Swipe should turn up - SXP chartI see this structure for Swipe SXP and I believe it was still correcting and completing the 4th larger wave. The RSI bullish divergence is very convincing. If thats the case we will turn up more bullish from here with a more impulsive 5th wave. This is in line with a missing smaller 5th wave for BTC as well, and that the market will turn now again bullish. The previous ath fits perfectly to the 0.618 of the w3 extension.
SXP ( new ATH possible ?)SXP / USDT
one of coins that show strong volatility
In weekly chart we can see only growth and keep flipping strong weekly resistances into supports
If it can hold the current weekly support between
( 2.7$-2.5$ ) So we can expect another growth toward ATH or higher
If not then will test the lower support again which is less likey to happen here but also not excluded so dont let your guard down
Now i keep looking at weekly candles closure
SXP 12h Where will the price move next: by $5 or by 1.30I n the previous idea, we warned or even wrote directly that it was time to take profits for longs.
Literally after that, the price of SXPUSDT dropped from $3.70 to $1.70 in a few days, which is a hard -50%
Now the SXPUSD price has again approached the $3.60-4 zone
Again, you need to closely monitor the price behavior.
A 1-2 day consolidation above the $3.60 level will give a chance for an impulse up to $5 per SXP
However, if we see false breakouts of the level on the chart again, like last time, then the price of SXPUSDT will first go down to $3.00-3.10
And below this level, a way will open for a fall to $1.3
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
SXP is ready to gain 20% or moreAs you see on the chart, SXP has a breakout on 1H chart.
Maybe we see a retouch at support line, then bounce up for at least 20%.
I'll share further analysis on this chart today.
Don't forget to follow me and click on the like button. ❤️
Caution: It's not a signal, trade on your own idea by your strategy.
Good luck
🆓Swipe/USDT Analysis (2/3) #SXP $SXPThe selling force is still strong and dominated, so we should follow the downtrend by selling SXP at 2.4$ zone for the targets at 1.8$ and 1.2$
Only if SXP conquers 2.4$ zone, we will expect a recovery to 3.2$ zone
📅NEWS
👉Apr 30 : V2 Wallet App
👉Jun 30 : Burn & Stealth Releases
👉Jun 30 : DeFi Integrations
👉Dec 31 : Swipe Financial
📈BUY
-Buy: 1.7-1.8$. SL if B
-Buy: 1.1-1.2$. SL if B
📉SELL
-Sell: 2.35-2.45$. SL if A
♻️BACK-UP
-Buy: 2.35-2.45$ if A. SL if B
-Sell: 3.15-3.25$. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
SXP 12H Earned, it's time and honor to have, the final chordHello, today is the time to update the idea for SXP since the H&S pattern has fully worked out its potential.
We described in detail about the H&S and goals for growth in the previous idea, who believed and used it - made good money.
Now what?
Now the price of SXPUSDT is approaching the levels, where the time comes to fix your longs a little bit.
I n the area of $3.60-4 , a protrade is possible, the logical completion of which will be an impulse.
We are not psychics to clearly name where the price will move next, but we recommend that you closely monitor the price behavior in this zone.
The impulse can equally shoot up by $5 and down to the area of $2
The absolute maximum of the SXPUSD price passes about $5, and so far we cannot believe that the maximum will be updated the first time.
Now, in our opinion, a deep correction is more likely.
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)