A bullish Navarro200 harmonic is presented and a deep retracement to the first higher low. Then, another higher low with another deep retracement (after what looks like a possible bullish deep crab on the 4hr) leading to the next higher low. An entry could have been made on the 2nd low, but there is plenty of upside still if it can get above $2.57ish where there...
Anyone see this beautiful ascending triangle playing out? Taking the measured move of the base of the triangle to the resistance, we see a huge power move crushing to my new target. Tokenomics, infrastructure, and fundamentals of this coin support this move.
Any thoughts? would love the discussion.
SUMMARY: Long, SXP long, providing it holds support and BTC remains stable or goes higher.
Ascending triangle and has held support so far, the small break down didn't break structure.
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*Not financial advice and is for educational purposes only. Always DYOR.
The last few days have caught many people off guard with the unexpected 40-50% crash.
The bitcoin news in El Salvador was short lived and markets reacted with huge crashes.
Keep your losses small and the wins bigger, many of my sl were triggered but many of my limit orders hit.
Sxp was one of them I traded the idea on the 13th of August and my limit order of...
Swipe has moved 160% since its crash and now lies at a serious resistance area (yellow box)
A flip of this area will catapult swipe back to range highs and closer to its previous ATH (resistance lines on the chart)
Weekends are always choppy in crypto so I would wait for any long trades here for the weekend to settle.
A retest of the 2.73 area is a perfect entry.
“The trend is your friend” is one of the best known sayings, although it’s message is incomplete. The full version should be, “The trend is your friend, until the end when it bends.”
SXP is moving bullish above trendline, my first target is $3.4 and after that $4.48. SL if it falls under trendline.
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An individual requested my analysis on SXPUSD.
From my point of view, this coin low has volatility.
But I would say I expect a pump to $1.80, then a fall $1.40.
And if price eventually break out of the triangle, then a pump to $2.4.
What do you think?
Share your opinion in the comment...
#SXP/USDT Chart by Request :1
$SXP currently trading at $2.03
And $SXP only bullish if break out this red Resistance cluster.
But below $2.26 is bearish.
So Now Market is no trade zone.
We will open any fresh trade after market settle.
Sxp is forming higher highs and higher lows on the micro time frames.
The next level of resistance is around the $2.25 area I will see how it reacts there.
$1.60 seems like the bottom for now, volume needs to start kicking in on alts for follow through.
Keeping a close eye on btc seems choppy in the short term.
SXP coin price traded at $2.08 with a gain of 8.1% in the last 24-hour and 10.5% up in the weekly time frame. Furthermore, SXP sustains above the mark of $2.0. In contrast, the market capitalization stands at $200 Million. Technically, investors can perceive a positive slope in RSI. The price is moving below the EMA-200. Besides, shallow volume is maintained in...