💎Technical Analysis Summary💎 BINANCE: SXPBTC -SXP retested key support area and may have found support again -This is good in the short term Bullish action -But the midterm trendline resistance is still there -We can not ignore this potential strong barrier -Because the Bears can easily enter the market -If you want to enter on a safer approach -Please wait...
SXP has been on a steep downtrend after peaking out at $5-ish. The hype cycle was very fast, whole CT was bullish, everyone bought in on the news that it will launch the card and it will be the next big thing on crypto and things like that. Once the card actually came out, they gave in, and we now need to stake Bnb and (NOT SXP), which, in my opinion justifies...
Sxp retested the trend of downtrend channel And rebounce and now hold support You can buy around 1.42-1.43$ (current price) Target 1.55 Short term 1.75 short term 1.9 2.49 3.19 Stop daily close or 4h close below 1.36
Impulse Elliott wave completed to the downside very nicely. If you take a look on weekly candles, u can spot a massive bullish hammer. I expect massive gains for this coin, first target is 0.618 fib. Also as you can see, the price bottomed out on this falling wedge pattern. If you like this technical analysis, please hit the like button and follow me for more...
Hello, the situation is not favorable to the idea related to the long side of the market at the moment, but how not to try to take advantage of a possible opportunity? Perhaps instead of trying to catch the "falling knife" immediately, it is worth waiting for consolidation in this area? Looking to buy in the range of 1.40 / 1.15 Stop below 1USD "hard" or two...
Hey guys welcome for a fresh crypto update -------------------------------------------------------- A request from all of you to please like and follow our Hard work to keep encouraging us, there's no fee for likes and followings :) -------------------------------------------------------- As you can see in this chart SXP broke out of a descending channel towards...
Parallel channel is already broken, but there is still a possibility to retest this channel as support! Please, keep that in mind. Else the elliott wave count is completed to the downside, which is of course bullish. I will provide a detailed technical analysis and wave analysis to this coin on lower time frame as well, follow me so you don't miss this update... ...
After break of downtrend channel Sxp now on good support Buy area 2 entery 1.51 (40%) 1.42(60%) Target 1.9 2.49 3.19 Stop 4h candel close below 1.388
Time Frame: Daily, 4Hour, and Hourly Hi guys, Welcome back! Day 81 of the 100 Days of TA is here! Today's spotlight is on SWIPE (SXPUSDT). I talked about the next direction of SXP and the whys. I showed some setups here, what usually happens and what would happen. Have fun watching today's video! If you think there's something I should add or maybe there's any...
Sxp reached first support line it may pump if btc dominance stable or dumping and 3 more events in this September end. If it is dump to second support line it will pull back to resistance point
SXP was 5 $ a couple of weeks ago and now 1 usdt. It s like a truck with broken brakes. I think it s close to have a bounce around this yellow zone on the chart. It seems there is a WXY correction formed here. Cheers
SXP has broken the downtrend briefly. If it rises above the horizontal support. I will open a long.
i can recommend this setup for sxp long: ENTRY: between 1.275 - 1.295 TP1: 1.3520 TP2: 1.4180 TP3: 1.4880 TP4: 1.5330 STOP: 1.2350 don't enter with high leverage..i will enter with 5x-10x maybe
#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...