AlanSantana

Swipe 888.8% Potential To All-Time High

Long
BINANCE:SXPBTC   SXP / Bitcoin
We just looked at Swipe ( SXPBTC ) short-term potential by reading the daily TF chart.

Now, let's look at the long-term chart (weekly TF).

We can see this weeks candle moving above EMA10 for the first time since August 2021, when SXPBTC bounced above EMA10/50 just to move lower.

The chart looks better now compared to Aug. since we are coming out of a new low; a higher low looking back at Jan.

We are aiming for a higher high next.

The weekly candle closes in 2 days which will confirm the break of EMA10 as resistance.

The next barrier is EMA21 at 0.00004411, this level is likely to be conquered this same week.

EMA50 at 0.00005672 is the main resistance and another rejection can happen higher.

But, since we have a higher low, EMA50 is likely to give in to the bulls.

We have over 888.8% potential profits from the current price to the All-Time High. This is pretty nice.

It can higher of course but we are not greedy... So we focus on some conservative targets and rejoice if it goes higher than our initial goal.

I go for 50% mainly on longer trades, but also 100%, 200% and beyond.

In some cases, I aim at 500% or more...

What I learned through the years is that it can take a long time to reach such great returns.

This is not financial advice.

Thanks for reading.
Come back again.

Thanks a lot for your continued support.

Namaste.

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