Next week we will have SXP in the .30 range
SXP is essential one for the market for any move even down SXP could go up cuz he is helping with exchange...
I expect that SXP will be bullish over next weeks, what are you thinking?
It is unclear what BTC will do, so it is risky to open a long trade right now, I will use the Inverse Head and Shoulder Pattern as an opportunity to open a long trade, which might form at the bottom, if the prize drops between $1.40 - $1.50. Even though the formation target is $2.11, I set $2 resistance level as my target. Good luck to everyone in their trades....
Looks like a possible Cup and Handle formation, which if correct would indicate a target of around $8. Fib extensions suggest a possible target of $6.90. Since I don't know 1) really anything about what this token is and 2) I don't use C&H much and also since 3) the market has had a few dips during the last couple days I will keep a tight stop loss and only open...
Quick scalp short on $SXP
This is very risky and likely will go belly under.
Hence, I am not willing to put more than maybe max $100 for a potential $900
Target at $1.7405
With BTC acting iffy I'm expecting the H4 uptrend to break down to retest support in the demand zone .
SL under previous swing low offers a tight risk definition with high RR.
Targets around $1.98 and $5.00.
Before a big move we can see big shakeouts on all coins, this is a tactic that work everytime to punish overleveraged longs and late longs.
Long signal active from 2.6 area with my indicator.
This is going to break upwards pretty hard.
