Educational purposes only. Not intended as advice of any kind.After days watching this coin, it is now when I think it is approaching a support area. (Only Price Action will tell.)
Please, if you don't know what you are doing, get a FREE Demo Account and start practicing with FOREX no money at risk there.
Years ago, that is how I started myself.
I have earned and lost in a day without knoledge about Cryptocurrencies, more than what I used to earn in a year as a Bus Driver.
My losses, I understand now, occured due to my own lack of knowledge.
Profits made by myself before paying for serious Professional mentoring, they were due to my own absolute Luck.
CAUTION:
Volatility within the Cryptocurrency Ecosystem means:
Making yesterday 950% PLUS Profit with YFL or Losing any amount of money during the same time frame.
SXPBTC trade ideas
SXP/BTCThird largest trading volume on Binance for the past days/weeks. Huge volume!
Fundamentals: Visacard cyrptocurrency
TA: looks like the early days of chainlink so im gonna ride this baby up to around 0.0015555 satoshi ( approx. 18 dollars) and then assess my positions. These are the early signs of a parabolic pattern formation
SXP- Could be starting a new trend after the deep retracementSwipe (SXP) is the crypto card provider offers services in more than 30 countries, including Spain, France, and Germany, competing against crypto.com and Coinbase in the crypto cards market.
On Aug.18, it received the regulatory approval to enter the U.S market.
Still has more room to fall on the daily timeframe. Facing the resistance on the 4hr timeframe.
SXP/BTC (Healthy Pullback?)SXP/BTC
-There is new local resistance at 34000 sat range
-After the price falls back to the previous support area
-If there is another Bullish attempt in the making
-A potential retest of green trendline area
-And a strong bounce up to break the downward resistance line
-If that happens, this will lead to more upside scenario
-The initial target is up to the swing high at 44000 sat or higher
-Bearish side, if the candle closes below the green area
-It will lead to a longer consolidation phase
BINANCE:SXPBTC LONGBINANCE:SXPBTC just had a high volume breakout combined with a large body high engulfing bullish engulfing candle at a S&R Flip.
Summary
Trend: Strong uptrend
Level: S&R Flip
Candlestick: large body bullish engulfing
Volume: Volume Spike
I'm buying at around current market levels and aiming to take partial/full profit at TP1 depending on market conditions.
This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades.
SXP/BTC - Reload before continuationVery interested in SXPBTC in the reload zone (green box). I believe this has the potential for more upside after consolidation here. Refer to chart.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
SXP/BTCFrom me reading view, i can see there is strong movement for SXP to swing again at price movement 1H Time frame, Which at point of MA 200 as my support line and my reference to buy back is at the green area level, From 4H MACD, i can see that, it have possibility swing and make another movement toward the price of 43799 around this area, which we can see there will be extra buy which will make the price bounce back to New ATH
SXP/BTC (Pullback to Previous Resistance)SXP/BTC
-The price is pulling back to the previous resistance zone
-This will be a good chance to open a Buy position
-Provided there are reversal signs for potential upside continuation
-The support area is located around 22116-18792 sat range
-Please wait for the price to get this level
-Do not jump into the trade right away, always have a trading plan