While BTC Conducts its support TEST I'm expecting SXP to do the same. SXP seems to be pretty controlled so not expecting a clean test. $1.6 is my target but may extend down to trendline support again, especially with the weekend upon us. Be, HF
we are going to see a bearish rectangle pattern for daily analysis stay tuned and don't miss it
Looking to see a collapse from this point. Ideally, the price should come back to mitigate some of the losing positions as well as capture liquidity from the low.
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...
#SXP/USDT Chart by Request :1 $SXP currently trading at $2.03 And $SXP only bullish if break out this red Resistance cluster. Resistance:- $2.26 But below $2.26 is bearish. So Now Market is no trade zone. We will open any fresh trade after market settle. Support:- $1.81 Resistance:- $2.26
SXP / USDT In late may SXP lost uptrend line as a result it dumped hard Finally we see some action of bulls at weekly demand between 1.9$- 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...
SXP 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 .
#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.
T1: 2.05 T2: 2.20 T3: 2.45 GOOD LUCK If you liked my idea, follow me for more 🚀
#SXPUSDT $SXP also broke down long term ascending support line. next supports : $1.29 - $0.8
It has been a while since I visited this chart but sitting on USD I'm looking for a new long entry on SXP. - These lines have been in since end of 2020 just before the parabolic run in ALTs. They still seem to be playing a role in support and resistance. - Looking at the general market price action I think SXP will test the support line once more when BTC...
looks like trend is sideways for margin trade in optimum range. follow orange lines - fib channel
SXP will most likely retest the trendline that it broke, but it should break the descending line first. I think when Bitcoin rises it will follow.
Shown in white line is our entry price for this crypto asset. Please add to this TA and keep discussing about take profit and and buy targets