SXPUSDT trade ideas
some patternBroken orange triangle. Reaction to the bottom of the channel. Pattern cup and handle .attention support and resistance
SXPUSDT | Long potentialIt is diverging in daily, if BTC doesnt dump we can see an upward pressure within the next days.
It may also test 0.5 fib level.
This is not a financial advice.
SXP/USDT 120% potential from here...? Fresh entry..?#SXP/USDT TA update:-
$SXP currently trading at $4.123
And You can see good bounce back from $3.90 support level.
Now...?
I am buying here some $SXPUSDT
Fresh Setup:
Entry:- $3.90-$4.120
Targets:- $5.20/$9.120
SL:- mentioned in chart.
Support:- $3.90/$3.50
Resistance:- $5.20/$9.120
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SXPUSDT LONG "repeating waves"symbol="BINANCE:SXPUSDT"]BINANCE:SXPUSDT in daily chart :
In March EMA 50 was its support but in April chart has broken it down and EMA 100 played as the support. Today EMA 100 didn't let the chart decrease more.
If u look carefully, you will see the repetition of waves. so it's going to repeat its last wave and rise to 6.54 and 6.93, 1 and 1.13 fib at the top of the channel.
SXPUSDT LONG "repeating waves"BINANCE:SXPUSDT in daily chart :
In March EMA 50 was its support but in April chart has broken it down and EMA 100 played as the support. Today EMA 100 didn't let the chart decrease more.
If u look carefully, you will see the repetition of waves. so it's going to repeat its last wave and rise to 6.54 and 6.93, 1 and 1.13 fib at the top of the channel.
SXPUSDT bounced on 0.618 Fibonacci level 🦐SXPUSDT bounced on 0.618 Fibonacci level on the weekly support. Now the price is creating a descending channel. IF the price will have a breakout from the channel, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SXPUSDT Falling wedge patternThe SXPUSDT is at the stage of forming a falling wedge pattern, so the successful formation of this reversal pattern will indicate the end of a local downtrend and provide a low-risk opportunity to open long positions.
SXPUSDT Analysis of Corrections on Daily Chart and Fibonacci L.Let's look at some statistics. If the correction level of SXPUSDT is more than 50%, price reaches approximately 10% higher of the previous high.
When the correction level is about 30%, price reaches %32 higher of the previous high. I assume the latest %38 correction is completed. Therefore I expect price to rise to the level of 7.74, which is also the %161.8 level of the Long term Fibonacci Retracement.
