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SXPPERP trade ideas

SXP-PERP Swipe IH&S 1HRSwipe (SXP-Perp) is showing a slightly off Ih&s n the 1 hour chart. Looking closely it looks like it has broken the neckline and is currently retesting to find support. If it plays out the textbooks say our TP should give us a 20% move or 0.23 cents, however once we multiply that by our percentage of meeting target (71%) we get 0.164 cents or 12%. TP: approx 1.50 SL: Below right shoulder, around 1.26 Also, for bonus points, if you zoom out you should see a pretty obvious double bottom, nothing is guaranteed, but I like the odds on this one :) Link for IH&S percentages thepatternsite.com
FLong
by Akura_Crypto
$SXP short idea. Not looking great unless it breaks above.SXP has been on a steep downtrend after peaking out at $5-ish. The hype cycle was very fast, whole CT was bullish, everyone bought in on the news that it will launch the card and it will be the next big thing on crypto and things like that. Once the card actually came out, they gave in, and we now need to stake Bnb and (NOT SXP), which, in my opinion justifies the short. I'd possibly not buy this now. looks like a clean bearish retest on the compressed 4h chart. :) I'd short it with a small capital, with stops set above the zone. Let's see where it goes :)
BShort
by Retail_Insider
14
swipe 9.25.20sorry guys i took this long this am at 1.17. These are the setups you need to be looking for. HUGE retracements and full capitulation. RIght now i'm running 25 percent UNI, 50 percent Swipe, and 25 percent BZRX. I believe alts have put in a bottom for now. Doesnt mean they wont see those intial lows again. Just means i think the lows are in .. i mean dear fucken god. over 90 percent retrace on a solid projects like BZRX. that is what may happen with UNI at some point so be very careful.
BLong
by BrandonrG
5
Venus is Coming.Crypto exchange Binance is now explicitly positioning its Venus stablecoin project as a government-friendly alternative to Facebook’s Libra, just a month after downplaying any suggestions of rivalry between the two. Binance’s refined sales pitch for Venus comes on the eve of the exchange’s expansion into the U.S. (Binance US is set to begin taking deposits Wednesday) and capitalizes on concerns about Libra raised by governments of major economies. In addition to Venus bringing developing-world central bankers “options like they never had before,” Lim said it will create a bridge to the unbanked who have mobile technology and give smaller countries “the opportunity to break into the global market through cryptos as they are now plugged into a global liquidity pool provided by Binance.” www.coindesk.com
BLong
by morningtomyum
8
SWIPE - DON`T YOU THINK IT IS TIME TO BUY?!What is Swipe? Swipe has developed a debit card and wallet platform that gives users access to spend various cryptocurrencies in fiat currencies on-demand. Swipe aims to make crypto finance mainstream by connecting existing payment networks to cryptocurrencies. Swipe allows users to deposit crypto into their Swipe Wallets, which give instant access to spend those funds in fiat currencies, while using traditional Visa debit cards. The Swipe cryptocurrency wallet supports over 30 cryptocurrencies and fiat currencies. It is a centralized wallet which has its funds secured by Binance’s SAFU fund and 200 million USD or insurance from Coinbase Custody (100m USD) and BitGo (100m USD). Swipe Token (SXP) is a cryptocurrency built on the Ethereum blockchain. It is used to pay for fees for the various products within the Swipe ecosystem. Although Swipe has only been around for just over a year, its list of accomplishments is quite remarkable. These include launching the Swipe Wallet just 1 month after Swipe launched, integrating Apple Pay, Google Pay, and Samsung Pay, being purchased by Binance, partnering with Chainlink and Elrond, and launching their staking testnet. Swipe’s future milestones are fairly generic. These include expanding their services into other regions, notably Southeast Asia, North America, Latin America, and Africa. They also plan to make the upcoming DeFi applications on the Swipe Network accessible via their mobile app Through current trends, Investor sentiment and the overall direction of the cryptocurrency market, we think Swipe (SXP) has a good chance of visiting the $3 USD mark by the end of 2020 as long as the trend continues and the Team continues to work on their products and partnerships.
FLong
by GLOBAL_TRADING_ACADEMY
Swipe 9.1.20Swipe may be in a bigger correction as it looks like it MAY be rolling over and has lost support. This is what i would like to see the entire altcoin market do. These markets have gained WAY too much and i'm trading very carefully now. These markets need to give back you cant go up thousands of percent and not build a structure of support. pray that we get a good correction before the bull run or you are going to see a dump just like the last run to 20k. My strategy is to hold my long term bag and still keep exposure that way and also day trade and close out my trades each day. I'd rather be cautious then get REKT.
B
by BrandonrG
6