hOLDING a beautiful range here. This area is not by mistake. This area is an old battleground where SXP has fought over the 2 dollar level and has ranged between 1 and 2 dollars. Under the 1.80 level is a hard accumulation zone imo. You have to learn how to build a position over time. NOT FOMO INTO THE TOP AND THEN BLAME EVERYONE BUT YOURSELF BC YOU ARE SEVERELY...
Same as UNI and most other altcoins, it just broke down from an ascending broadening wedge, retested and then got rejected.
We should be heading south for now and I expect a loss of about 13%. I am long term bullish in this coin though especially since I'd like to get the Swipe Card soon, so I'll be laddering my buy orders on the way down. Cheers!
SXP has been on a steep downtrend after peaking out at $5-ish.
The hype cycle was very fast, whole CT was bullish, everyone bought in on the news that it will launch the card and it will be the next big thing on crypto and things like that.
Once the card actually came out, they gave in, and we now need to stake Bnb and (NOT SXP), which, in my opinion justifies...
We recently broke a Descending Triangle and I will be taking entry here at 1.19042539.
TP: 0.70216 movement expected, *0.64 chance of success = 0.4493824 from break or ~1.6$
SL: Slightly below our pattern support or ~ 1.04$
Pattern info: thepatternsite.com
$BTC making power moves, looking at some of the newer alt coins with good fundamentals and sound TA.
Swipe x USD
Aiming for at least a retest of the previous ATH ($5 USD) and then mewn it.
Take profit at resistances above, support below if we lose the yellow line.
Use risk management, do not follow my trades blindly; you could lose your monies.
I still think the markets are 100 percent bullish. Looking for a nice bounce here. I will be looking to sell out along the way
Yes it was altered. I still see value in the network and utility even though it was a surprise to many card holders. The bonus was well worth it for you however.
I am digging the hell out of this one. Just booked 50 percent profits. I am looking to get back in. hope at 1.30 but 1.40 also. wait for the pullback . if it gets away let it bust through resistance and make a structure before getting back in. its up quite a bit imo now
Swipe. i took a long at the one dollar area and loaded up all the way to 1.16ish. It's been completely annihilated but that is perfect for me. I like looking for these nasty replacements and picking up the crushed bag holders belongings. i really think swipe has a great future especially if crypto.com can perform the way it has.
Target is 1.44. From there i will...
sorry guys i took this long this am at 1.17. These are the setups you need to be looking for. HUGE retracements and full capitulation.
RIght now i'm running 25 percent UNI, 50 percent Swipe, and 25 percent BZRX.
I believe alts have put in a bottom for now. Doesnt mean they wont see those intial lows again. Just means i think the lows are in .. i mean dear fucken...
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.