SXP breaks a long downtrend and if the price stabilizes can move upwards towards the targets.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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#DYOR
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 $6.90. Since I don't know 1) really anything about what this token is and 2) I don't use C&H much and also since 3) the market has had a few dips during the last couple days I will keep a tight stop loss and only open...
Hello guys,
I have shared my idea on this coin. The supports are quite strong and are good for buying in these regions.
Let me know what you guys think in comment section.
Hit the like button if you liked my analysis
Not a financial advise!
Have a nice day
SXP / USDT
one of coins that show strong volatility
In weekly chart we can see only growth and keep flipping strong weekly resistances into supports
If it can hold the current weekly support between
( 2.7$-2.5$ ) So we can expect another growth toward ATH or higher
If not then will test the lower support again which is less likey to happen here but also not...
SXP / USDT
Good reaction at weekly support
We bought on the retest between 1.8$ -2$ (second signal)
First signal was when price around 0.8$
If the weekly candle will close like that will be extremely Bullish toward 3$ and 5$
Invalidation : 1D close below 1.7$
Good luck
SXP / USDT
Hi guys this coin i mentioned it multiple times
It give us around 133+% profit until now
You can check the original call in tradingview in 7 JAN here 👇 :
For those who bought with us you should sell some and hold other by moving stop because it still has more potenial higher targets
SXP / USDT
try to breakout from Bullish pattern
I think its about to finish consolidation phase soon
If Breakout happened and BTC didnt dumped hard it will moon
Good luck and happy trading
EngineeringRobo and I are both bullish about SXP.
If you're hold SXP, continue to hold. If you're interested in buying SXP, now would be an ideal time to buy with 3 Buy signals from EngineeringRobo and the current price just sitting above the 0.953 support level.
If holding or buying now, it's advisable to sell with EngineeringRobo sell signals. You could also...
SXP just broke the 1$ support zone and the situation is pretty bad.
However, there are still a few scenarios for SXP that we should follow
1️⃣ SXP rebounds from the 0.9$ zone and continues to rise to 1.4-1.5$
2️⃣ Continuing to break out of the 0.9$ zone, the upside target will be 0.6$
#SXP TA Update:
1. SXP has been in a downtrend since 30 Aug 2020 due to the instability of Bitcoin Dominance.
2. SXP has rejected monthly support, and it is near the demand & supply zone. We may see some accumulation here, and Bullish move afterward.
3. Volume is continuously decreasing as well as price has been decreasing, which means that the downtrend is not...
The SXP has a great opportunity to break out of the $2 resistance zone to move up to the $2.3 zone and a strong breakout of the $3 zone this August.
Good buy zone for SXP is $1.85-1.9
But if the SXP falls out of the $1.7 zone, we need to reconsider it
![SXPUSDT: ✳️SXP [SXP/USDT] on August 08 #SXP $SXP #SXPUSDT](https://s3.tradingview.com/u/ua22tuiS_mid.png "✳️SXP [SXP/USDT] on August 08 #SXP $SXP #SXPUSDT")