On the fall in May, SXPUSDT buyers showed once again that they are not planning to let the price go below $1.30. By the end of July, the price of SXPUSD once again dropped to a strong mirror level of $1.30 , from which buyers began to drive the price up. SXPUSDT price growth at the moment shows more than +100%
If we look at the SXPUSD chart globally, we can...
Considering the market overall current spike, SXP remains almost all year a non-mover. And even the move from the Abyss of May to the local high of Sep, it didn't perform much.
I have a history of losing chances with SXP in the past. Will SXP take me down again this time?
Here is the outlook, that confirms this Alt is forgotten and non-mover:
1) Overbought on...
Noticed a weekly contraction on both signal indicators MACD and RSI (to be confirmed) on the pair SXP/BTC and I am wondering how to interpret this.
On a weekly basis, this could be a very strong signal. So, which direction will take the movement if any? Is an explosion of SXP in preparation?
Please share your thoughts.
Update on previous idea.
SXP/BTC chart looking very nice.
Just retested the diagonal which is clear resistance/support in the past.
Expecting we hit 0.00036732 BTC at some point.
Fibs also working as resistance/support;
SXP is currently trading under resistance, A move down will see us revisit support at $1.3 level, while a break above current resistance @ $2.6 and a successful retest would see us revisit price levels of $4.1 and higher. If there's anything losing my $1000 capital has taught me, it's wait for confirmation always. Starting again with $40. Hoping to turn this into...
Hello to all my friends 🙋🏼♀️
SXP now testing the strong resistance area of 2.4-2.5 and a close above 2.5 is bullish. Increase your stop loss to buying price and hold this trade. good rally will start in after the breakout of $2.5 area. You can add more after the breakout or near 2.2
SXP is now retesting the resistance of 3.9 - 4.1 area. So far SXP unable to close a candle above the resistance area and the long wicks showing selling pressure. Wait for a candle close above this resistance level. The support is 3.45 - 3.55 and this is good buy zone for SXP. Wait for a breakout or a retest of support zone.
SXP is visibly climbing a trend line. It has been respected a few times. MACD is showing divergence in the positive zone. In fact, SXP has stood its ground although the market is shaky right now. We might see a retracement, but it will be a step backwards to leap upwards. RSI is cruising around in the overbought zone, so a minor retracement is not out of the...
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