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...
I have already posted our SXP targets as short-term and medium-term moves targets.
Our short-term target: 2.060$
Our medium-term target: 4.08$
Our long-term target: 7.53$
Disclaimer: I am not a financial advisor. Do not take anything on TradingView as financial advice, ever.
Do your own research.
Consult a professional investment advisor before making any...
Hello everyone 😃
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#SXP has been struggled so mush in many descending channels.
Now there're two sets of major bearish channels in play and the majority would be bearish too !
But considering the...
$SXP is above long term support zone and a weekly candle break out from descending resistance line, to make sure about the break out better to wait break out of last descending trend line that is the same with resistance zone around $2.2 and $2.5
if bulls success to break out form this zone, price will increase toward resistance around $3.5 and if want...
All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
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👤 Arman Shaban : @ArmanShabanTrading
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SXP has recently bounced off the triple bottom as indicated on the chart.
Ideally we'd want a strong daily bullish engulfing candle to indicate a full reversal - which we didn't. This is why it's important to be cautious when entering longs from here. The best place to enter would be the 0.60 area where we have a strong level where price started its bull run.
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Everything on the chart.
Nothing has changed from my last analysis.
Last time I took + 40% and the rest of pos was closed in breakeven, reopened the deal, the goals are the same.
Entry: market and lower
Target: 2 - 4 - 6.2
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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...
Simple long term fibs with expected TP targets in 2021
Can't say the time frame however with the long base we've been building we can anticipate an equally long chase
Macro target of 20usd I will exit last of my position
TP's on the chart
SXP has lost its momentum to the upside in impulsive manner. We might be seeing SXP price move follows the downtrend pitchfork.
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about cryptocurrency market in general and may be used only for...
SXP looks really interesting here, and if you're a gambler, this might be a bet worth taking. The bearish case is that we have a large Descending Triangle. The bullish case is that we have Extreme seller exhaustion and may soon be printing bullish divergence. It's important to point out that while normally I would look at seller exhaustion as being a good...