- Swipe looks terrible on the daily / weekly timeframe.
- We have a descending triangle that is currently breaking down.
- I do not see any bullishness on this chart.
- Another 57% DROP is expected, then we can retest the triangle.
Friends, greetings to all.
I want to share my thoughts about the SXP crypto asset .
From February 2021 to the current moment, SXP is consolidating within the framework of the "descending wedge" formation, which presupposes an upward breakdown.
My expectations are to see the SXP increase by 600% from the current to the dynamic resistance line, the test of which...
Binance Announces Swipe Takeover!
Swipe is the industry’s leading cryptocurrency Visa card issuing platform that enables users to instantly spend cryptocurrencies at over 70 million locations worldwide.
All current SXP utility will remain unchanged.
I think this is the beginning of something big! they want to build a rival for CRO.
CRO has a mk cap of 14...
the analyse and the red & green scenarios can give you the goal:D
i think the Sxp is the best alt can take by whales:DD
holders are stable still!!
support areas: $1.2 and $0.8
next resist: $2.3
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...
Swipe (SXPBTC) is doing pretty good today and we are expecting a full trend reversal.
This is just getting started...
Here you have the full chart:
We can see prices moving and closing above EMA50.
The highest volume bar daily since May and also a higher low compared to the beginning of this year.
See my chart for...
As you all know, SXP is not performing well from last 5 months and according to the Chart patterns, Bullish Flag is formed, also indicators giving bullish signal. Fundamentals are also good to watch for. SXP has announced many (revolutionary) upgrades pending for their block-chain.
Long Term Trade, DYOR Before taking trade, as i'm not responsible for your...
-Watch for restest of horizontal support
-Target $4.19 as first target( sell initial investments)
-Watch for succesful retest of D1 resistance or purple trendline and add to positions
-Target trendline resistance as second target ($6.5+)
As we know, I put out a trade idea for SXP recently saying it could reach $20 this cycle and $89 in the long...
Such a promising project but yet, no volume or interest as it seems;
We've been in consolidation over the last 2 months & on an import trendline.
It cannot hurt to buy some & hold. I've actually longed x5 here.
What's your opinion?
Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SXP/USDT lying on a strong support level or about to make triangle .
Please See original idea linked below
Apologies, left out a couple details.
This shows the ABCDE wave analysis which formed on the weekly and is the basis for a bullish pennant.
And we all love a good bullish pennant, not so often you see it on weekly charts.
All other explanations in the original idea linked below. Thank you
DISCLAIMER: Not Financial Advice
In the chart above we can see that sxp is currently testing support of its ascending trendline while also in an ascending triangle.
Also worth noting, currently nearing the end of its wave II correction a breakout to the upside will give us a target of at least $19 to complete the wave III.
After which a correction should see us find support either at Prev Ath...