SXPBTC trade ideas
SXPBTCIt can test eight thousand and start a journey from there to eighteen thousand. I think SWİPE investors will be happy in october.
SXPBTC Changed DirectionIt seems that SPXBTC has recently violated its downward trendline and a strong resistance line simultaneously and now we can see a new direction for its prices ahead.
The Sharp increase of volume here is a good sign of a big change in trend.
(The red arrow is what I thought the next move would be)
(Do not trade on the idea until you have your own confirmation)
SXP looking real good! (continuation)Nothing to more to say. Took a small dip under it's strong support as the whole market and is looking to move against BTC on it's next leg up. Patience, patience will make you wealth long term. If you didn't sell or bought the bottom congratulations. RSI very clearly smashed through its resistance and now is battling it's daily moving average.
*Small victories wins the battle*
I want you to yell with me the immortal one word message of Pheidippides to the Athenians from Marathon NENIKIKAMEN! (WE HAVE VICTORY) But only we have won the long term battle.
#SXPBTC Risky (Mid Term) 9/20#SXPBTC Risky (Mid Term)
Buy : 0.00012890 - 0.00012245 - 0.00011633
Target 1: 0.00013792
Target 2: 0.00014823
Target 3: 0.00017401
Target 4: 0.00021913
Stoploss: 0.00011398
Signal R/R: 7% / 70%
Net ROI : 30.5%
Invest: 3%
Exchange : Binance
Duration: 7-30 days
Confidence in Trade : Low
we ask Allah reconcile and repay.
SXPBTC: Home Sweet Home!SXPBTC BINANCE:SXPBTC has taken a long journey downward these days, like the other altcoins. As I believe in a bear market for Bitcoin, I predict that SXPBTC is not ready for a pump yet as it penetrates its support level the other day and also there is no volume confirmation for a big move. However, no one knows what future holds. If SXPBTC prices be able to violate their very conservative trendline and BTC BITSTAMP:BTCUSD prices continue upward, we may see a rise for SXP, otherwise after touching the trendline, they will be back to the channel line or even break it down. Home sweet home!
I would be very happy to see what your ideas are, Thanks.
(Do not trade on the idea unless you have your own confirmation)
SXP Finally Moving BULLISH - Triangle Wedge Broken #SXP TA Update:
1. SXP has been in a downtrend since 30 Aug 2020 due to the instability of Bitcoin Dominance.
2. SXP has rejected monthly support, and it is near the demand & supply zone. We may see some accumulation here, and Bullish move afterward.
3. Volume is continuously decreasing as well as price has been decreasing, which means that the downtrend is not supported by the volume, and weak hands are selling it.
4. Volume Needs to increase for uptrend move.
5. Lots of events are coming for SXP at the end of September, so may see a spike in price around 30 SEP 2020. Also in October.
6. IMPORTANT: Keep In mind the BTC Dominance as well, BTC Dominance is at the RESISTANCE level, if it breaks the resistance then ALTS gonna BLEED more. So, Watch Closely.
Trade Safe.
Never Invest you whole Capital.
Go with 5-10% per trade.
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SXPBTC - In the buy zone, do we buy?SXP is the coin of Swipe: a multi-asset digital wallet and Visa debit card platform that allows users to buy, sell, convert and spend cryptocurrencies. Basically, a crypto credit card. Yes... another one.
Tired eyes, y'all get the dark chart.
Back in July, Binance acquired Swipe, “To achieve our mission of making crypto more accessible to the masses". A noble goal!
I believe the company still operates independantly, managing their day to do operations and what not; but they are working with Binance as "partners" apparently. Where one owns the other.
You can also yield farm with it, taking a bit of the risk out of hodling them.
But enough boring history. Let's draw some lines on a SXPBTC 4h chart.
We had our ATH back in August, just before the BTC spike. Since then, solid downward channel.
We can take the spike out and see a little tighter, little more sideways of a channel. Still downward.
We are in the historical support, by a large margin. Smashed right through it so far, with a pretty lackluster bounce today. However it is a bounce.
EMA 100 long since abandoned, was a major support before.
MACD is on a slight reversal with some tiny greens sprouting up. decent cross with an upward trajectory but still in unhealthy territory with room to grow.
Stoch is mean looking, overbought with a bad cross at the top.
BUYING IN?
Things were taking off today! SXP was not so much - we had some growth but nothing to write home about.
Wait to see which way we head right now, likely to get a retest of the recent support and if that fails we'll be seeing the gutter down in the next buy zone. You don't need those losses right now.
Conversely, if we see a solid breakout from the upper yellow dotted trend line , might just be game on.
Or spread your buy out over time. Things have been quiet, too quiet...
TP : (based off previous resistance and hit fib levels.
#1- .000150
#2- .000200
#3- .000278
#4- Longer term, I can see previous ATH, but you'll be waiting.
SL: If you're buying the retest I'd set a stop loss fairly tight, 10-15%. If you're okay with yield farming for a bit or planning on DCA'ing, disregard!
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SXP? Have you heard about it? More ALTS. to AccumulateHey guys,
This is a coin pickers' market, and not simply throwing money at anything that looks shiny; crypto money is smarter these days.
SXP is one that I have been looking at, and it is a no brainer trade with it sitting strongly at support.
-Bo Sukas
DeFi Signals
Again PLEASE SHARE/LIKE & COMMENT if you want to see more content like this.
BINANCE:SXPUSDT BINANCE:SXPBTC BINANCE:SXPBUSD
SXP / BTC — 1d chart analysis [Head & Shoulders] Price of SWIPE in developing of Head and SHoulders setup. Looking for sell near 19900 zone.
A perfectly executed SXP shakeout with imminent reversalBinance are masters of marketmaking and painting charts. They brought SXP to a nearly full retracement from its major run and have shaken as many people as possible out. As we approach new week starting from 21 September, we may expect - but not necessarily get - one last scam wick downwards to hunt for stoplosses and force utter capitulation of SXP holders before starting a full-scale reversal, possibly coinciding with weekly closure. Despite all the scary news and FUD, Binance and Swipe team still hold a large percentage of SXP coins and likely to keep charts perfect they will not allow decimation of the support floor currently found around 13200-13600 sats, in order to keep the overall long term upward trend intact. Full recovery seems plausible within 5 weeks. Further price action will depend on FA releases. Given the level of FUD against Binance and Swipe, it does seem likely like a coordinated campaign to shake out holders who forgot that barely a month ago Swipe was viewed as a Unicorn. If it's a Unicorn defi powering the largest crypto credit card by far (basically all binance customers), is it reasonable to assume it peaked at 350m USD? Is it also reasonable to forget CRO's marketcap is still 3.5b USD?
Shakeout perfectly executed. Reversal commencing around weekly closing/opening. Risk/reward is 1:4 within 1 month.
Reconquering ATH by end of OctoberFundamentals remain largely similar, most certainly higher than a year ago when SXP traded at a higher price. TA coupled with project releases planned for October and rock bottom sentiment around SXP suggests that towards the end of the month of October SXP may reclaim its ATH price. Following that it may either break its ATH or begin ranging. Additional evaluation will be needed in mid-October
SXP/BTC Bounce from supportSXP bounced from support. Watch that diagonal trend line. If it breaks, huge potential to hit 0.5 fibonacci.
SXP looking real good! Possible cup and handle forming. Take the trade as it comes. It has a solid floor 13800 sats. Low risk at a buy here, risk management is what should be
at the top of your list in trading. Risk 1 dollar to make 3 to 5x in a swing trade. the RSI also formed a low at 35. It should only go up from here in especially in a bull market.
Happy trading
SXP BTC X3 POTENTIAL / ELLIOTT WAVE ANALYSISIf sxp breaks out this descending wedge and breaks out Wave 4 of C it has x3 x3.5 potential
I ll update SL and entering position below this analysis
SXP/BTC (Testing Last Area of Support)KUCOIN: SXPBTC
-SWIPE is now testing the last key support area at 13500 sat
-This level is very important because it will decide its midterm future
-On the good side, it is trading inside this Bullish descending channel
-The pattern is unconfirmed until it manages to break upside
-Is it good to enter now an anticipate a breakout soon?
-Yes as long as you will have proper allocation and stop-loss level
-But my best advice is to wait to form a base of support
-And also, patiently wait for the breakout confirmation
-With this, you will reduce the risk and have a good stop-loss area
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