Long Position bcz of the reasons below1- dominance is getting high
2- price is in the bottom of the box
3- RSI is in the oversell area
SXPUSDT trade ideas
SXPUSDT Bullish?Script shows bullish continuation with no divergence and making HH's and HL's. Shows a strong resistance where I put a Buy Stop. Will it come back again to resistance area and go up as planned?
Neutral Market Sentiment with Potential for Bullish BreakoutThe SXP coin is currently trading at 0.3456. Taking into account various indicators and Fibonacci levels within a 4-hour timeframe, we can assess the market sentiment.
The Relative Strength Index (RSI) is at 60, indicating a neutral territory. This suggests that the coin is not currently overbought or oversold, providing a balanced market sentiment.
Examining the moving averages, the EMA 50 is at 0.3360, indicating a short-term bullish sentiment as the current price is above this level. On the other hand, the EMA 100 stands at 0.3563, suggesting a long-term bearish sentiment as the price is below this moving average.
The Moving Average Convergence Divergence (MACD) has a value of 0.0052. Although it indicates a relatively weak bullish momentum, positive MACD values overall suggest an inclination towards a bullish sentiment.
Considering Fibonacci retracement levels, we can identify potential support and resistance levels. The 0 Fibonacci level at 0.3028 could act as a significant support level, followed by the 0.5 Fibonacci level at 0.3243. Conversely, the 1 Fibonacci level at 0.3458 may serve as a crucial resistance level.
Combining these indicators and levels, we can discuss possible scenarios:
Bullish Scenario:
If the price breaks above the resistance level at 0.3458 and confirms the breakout, it could signal a bullish scenario. In this case, the price might continue to rise, potentially targeting higher resistance levels.
Bearish Scenario:
Should the price fail to surpass the resistance level at 0.3458 and begins to decline, a bearish scenario might emerge. The price could find support at the Fibonacci levels, particularly at 0.3243 and 0.3028.
It is essential to note that cryptocurrency markets are highly volatile and influenced by various external factors. Conducting thorough research, considering additional indicators, and analyzing market trends are crucial before making any trading decisions.
Glmr Getting Ready for breakout Seems Like Correction Is Over & Getting ready for Massive bullish wave formed descending channel incase of breakout expecting 50 to 60% bullish wave
SXP/USDT Bulls Take Charge..?!!👀 sxp today analysis💎Currently, SXP is trading within a wedge pattern, following a strong trendline and the exponential moving average of 200.
💎Due to market uncertainty in recent days, SXP has experienced significant price fluctuations. At present, SXP is in a high-demand zone.
💎 If it breaks the tight wedge pattern and maintains price momentum at EMA 200, it is ready for a substantial bullish move.
💎if the price fails to hold a strong support area, it might result in another lower low in the downward direction.
💎In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
SXPUSDT wants the pullback?SXPUSDT has been following a pattern where the price consistently moves lower within the boundaries of this channel. At present, the market is testing the lower trendline of the channel, which represents a crucial level of support.
Based on technical analysis principles, there is a possibility that the price might undergo a pullback from this lower trendline. Traders who adhere to Fibonacci retracement levels may anticipate a potential pullback until the 0.618 Fibonacci level. This level is often regarded as a significant retracement level in Fibonacci analysis.
Following the pullback, it is anticipated that a new bearish impulse could occur, potentially pushing the price towards the 0.37 $. This level is considered a demand zone in the market, meaning there is a higher probability of buying interest and potential support at this price point.
In accordance with the trading principles suggested by Plancton, a trader might consider taking a short position on SXPUSDT based on this analysis. This would entail selling the asset in anticipation of a further decline in price, aligning with the projected bearish movement.
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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 -> <= 1h structure.
Follow the Shrimp 🦐
SXP is targeting 58% to 300%SXP is about to make 2nd bullish wave after 8 weeks of correction
Targets on the chart
Good Luck.
SXP retest and trip to the topChina narrative coin made its full top to bottom after the huge FVGs it created last pump so now we watch the rise.
SXPUSDTIn the weekly time, it seems that SXP has changed its structure and can grow a little.
It is better to monitor this currency
This is what I have for $SXPUSDTThere is a very strong resistance at 0.436 and it looks like a swing failure pattern occured. This looks like a weak momentum trend breakout.
I believe that shorts could be possible at this area.
Keep in mind that there is also a key level that could act as support @ 0.42
I am not a financial advisor. Invest at your own risk!
Sxp Looks ready For Massive bullish wave Seems Like ready for another Bullish impulse Falling wedge breakout has already confirmed expecting 70 to 80% Bullish wave
Wave 5 #SXPUSDTAfter wave 3 with a steep slope, corrective wave 4 has formed
This analysis is valid until July 16
Everything above is clear just enjoy
SXP USDTI posted this analysis a month ago , sxpusdt has been correcting after the mega pump , ANY WHY I THINK We are on the verge of a good rise in this currency
FVG/imbalance zones for SXPsxp came up real fast leaving behind gaps that need filled i have marked them off on chart as well as displayed the vpvr
sxpusdtA good floor has been created in this currency
Buyers' desire for this currency can be seen in 3 different times
The hidden daily divergence is another solid confirmation for the growth of this currency
SXPBINANCE:SXPUSDT SCALPEING POSTION ,, You can take profit form call now " long " then change the call to short position to get your profit as we explain in the chart
1 hour
#SXPUSDT #LQR #TOBTC #LaqiraProtocol● You can get a maximum of 40% ✌️😉 profit from analysis 5
• Support and resistance are specified in the chart
• Levels are obtained from the intersection of the fib and static levels
• You can open a position after confirmation
• This analysis is not an offer to buy or sell
SXPthis is intended to be checked on 1m chart or even better on 1s, the main idea still remains
if lower than 0.5468
T: 0.4639
#SXPUSDT #LQR #TOBTC #LaqiraProtocol● You could make up to 100% ✌️😉 profit from the April 1 analysis
• Support and resistance are specified in the chart
• Levels are obtained from the intersection of the fib and static levels
• You can open a position after confirmation
• This analysis is not an offer to buy or sell
SXP LongSXP is about to break out from the wedge. We also can see Bullish Divergence.
You can place your stop-loss under 0.52.
All target are on the graph.
Sxp Looks Promising Here SXP is showing signs of a bullish pennant breakout on the chart, which is a technical pattern that can indicate a continuation of the previous uptrend. This breakout has already been confirmed, suggesting that the stock could potentially move towards $1.
Traders who are interested in taking a long position on SXP may consider doing so now, while the stock is still trading at a relatively low price. It's important to set a stop loss at a reasonable level to manage risk, in case the stock doesn't perform as expected.
Remember: We only give ldea's from our
experience and knowledge, it does not
mean that it will be 100% correct, the
market is always unpredictable, anything
can happen anytime.
Always trade with your own research and knowledge
