Binance are masters of marketmaking and painting charts. They brought SXP to a nearly full retracement from its major run and have shaken as many people as possible out. As we approach new week starting from 21 September, we may expect - but not necessarily get - one last scam wick downwards to hunt for stoplosses and force utter capitulation of SXP holders before...
SXP bounced from support. Watch that diagonal trend line. If it breaks, huge potential to hit 0.5 fibonacci.
Possible cup and handle forming. Take the trade as it comes. It has a solid floor 13800 sats. Low risk at a buy here, risk management is what should be at the top of your list in trading. Risk 1 dollar to make 3 to 5x in a swing trade. the RSI also formed a low at 35. It should only go up from here in especially in a bull market. Happy trading
Evening ladies and gentlemen, happy weekend! I gotta be honest, lately it seems like the weekends are being more profitable for me, so I hope we all have a great trading weekend! Swipe... this is what I think about this coin: Just like BNB, CZ won't let it die, period! It put a massive double bottom, so to me its an easy buy. Anything and everything changes...
SXP / USD - some possible scenarios (4H chart)
KUCOIN: SXPBTC -SWIPE is now testing the last key support area at 13500 sat -This level is very important because it will decide its midterm future -On the good side, it is trading inside this Bullish descending channel -The pattern is unconfirmed until it manages to break upside -Is it good to enter now an anticipate a breakout soon? -Yes as long as you will...
$SXP Not able to hodl ~25k sats level after breaking from descending trendline... I would expect further downside toward ~18k sats (current BTC activity does not help either) UCTS Showing sell signals all low timeframes (12H & lower) #SXP
Take your money back and leave the shitcoin market if you haven't done it already. Look at the Swipe, a poor situation, the same will happen for the rest of the hype altcoins this year. As we said earlier, the altseason is over. Swipe is now heading towards its starting point, around 80 cents. There is a possibility of a technical rebound from current prices,...
Price action so poor you wonder how that pumped so hard. In a falling wedge now. Hopefully the market will push it upward for a breakout. Otherwise another 30% drop.
There is a hidden bull div in SXP/BTC 4HR might be a good idea to go long on futures
Swipe Analysis - 17 September
SXP has seen a pull back over the last few days. As Bitcoin remains volatile, altcoins will continue to bleed. If Bitcoin sees a strong pull back, say goodbye to altseason. Look for SXP to find support in the ~14000 sats area.
SXP daily might be a 5 waves diagonal triangle, as wave 3 extended, wave 5 might truncate. Target 1: 3.26 Target 2: 5 Target 3: 7.2 or higher if above wave 3 top.
Its time to accumulate SXP before it starts to go up,great fundamentals and TA signals