SXPUSDT trade ideas
A possible RSHSHi traders,
The gray area is a possible buy area. If the price hits the crossing point of the red line and gray area, I am gonna buy relatively high amount with 1.5% Stop-Loss.
You can look at the news of SXP in short term: coinmarketcal.com
( I failed to give a direct link to the news of SXP. By clicking on the link and choosing SXP in coin section, you will be able to see its news )
With this news, and this price movements, we may make 30-50% profit in spite of this bearish market.
Stay Safe.
Hey SXP, feel free to continue the decline, I don't mind...The price of SXP is between two strong daily S / R zones.
At the same time, we are below the TL signaling the Down trend and also below the EMA Daily 200, which also indicates the downtrend.
However, the current support has already tested 3 times and stopped the falling price. This may signal an upward reflection to test the trend line.
The most important thing is what happens inside the current hourly candle. We can find out if we switch to a lower time frame.
Ideal for entry according to our Price action strategy is the time frame M15, where we evaluate the current situation and decide accordingly whether to trade SXP.
SXP/USDT : Minority Venture Capital (MVC)White line is MVC's entry price.
While it seems like the descending triangle was invalidated, SXP is nowhere close to being out of the woods yet. Still sitting below all three SMAs (50, 128, and 200) with extreme resistance above at ~2.70 I wouldn't touch a long until SXP is above the 128 (~3.25).
Retest almost completed SXP broke out the trend and doing the retest. When it is done ready for bull.
SXPUSDT Cup and handle bigger pictureForming an typical cup and handle, I expect a breakout after bouncing on support 1.65$
SXP / USDTSXP / USDT
In late may SXP lost uptrend line as a result it dumped hard
Finally we see some action of bulls at weekly demand between 1.9$- 1.67$
I really like the project in long term but when coin dumped by more than 50% we cant expect it go up fast again it need some sort of long time of accumulation first
Expectations : sideway movement ...what i hope bulls hold weekly demand and bulid base Support here before moving up
Things can turn very bearish if we lost weekly Support by weekly candles ..in which mean more dump to past accumulation zones
Good luck
(Update) SXP/USDT has done the expected movement. what's next?Hi every one
SXP / TETHERUS
as you can see SXP/USDT has broken the Dynamic resistance which we talked about not long ago! the Dynamic resistance is now Dynamic support! so the price is more likely to stay above this support and continue the bullish movement!
previous Analysis:
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
sxpusdtsxpusdt facing the 200 Ema Heavy resistance in the 2.4 to 2.5 . Also this resistance is weak enought to be break easily next resistance is in the region of 2.7 to 2.75
SXPUSDT Daily S/R| Local S/R| Price Action| Trend Evening Traders,
Today’s analysis – SXPUSDT- trading at a key region where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Local S/R Support
- Low Volume
SXPUSDT’s immediate price action is impulsive, trading towards a daily resistance with lower highs, allowing for a short bias.
The Local S/R us current support, holding this level is critical for the range low support.
Current volume profile is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, SXPUSDT is a valid short with defined risk, Price Action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my
And remember,
“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee
SXP/USDTSXP Formed a giant bear penant on 4h time frame .
as of now everything depends on BTC , Short SXP after confirmed breakdown .
Targets are : ( 1.618 ) , ( 2.618 ) & ( 3.618 ) FIB levels .
SXP broke resistance of parallel channel#SXPUSDT
$SXP broke out resistance of parallel channel, here now is trading inside a strong resistance zone.
a break above this zone can increase the price to new ATH around $8.
just take profit in other resistances shown in chart.
SXP/USD in rally! This could hurt a lot :PWe see masive rally up. SXP made strong move, but after this types of moves could price drop hard.
Our Price action UCT strategy could give us more details if we will start shorting or not.
Keep in touch guys! SXP is really tradable today B-)
