On SXP/USDT we can see that the price stops in the old support on that correction which is very good. That support is really strong and if the price will keep the same zone as support, i think the price will go higher. The bullish trend is confirmed also by the bullish divergence on 4H TF, based on RSI.
-Watch for restest of horizontal support
-Target $4.19 as first target( sell initial investments)
-Watch for succesful retest of D1 resistance or purple trendline and add to positions
-Target trendline resistance as second target ($6.5+)
As we know, I put out a trade idea for SXP recently saying it could reach $20 this cycle and $89 in the long...
- SXP/USDT is consolidating in a symmetrical triangle pattern .
- Price is testing the symmetrical triangle's inclined support.
- The market could bounce from this support zone if we have a relatively high buyers concentration.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the symmetrical triangle's...
SXP is currently within a channel and anticipating another move up to the channel resistance.
We have a red descending trendline in place which we can watch for confirmation.
- Risk Entry now
- Safe entry after the break of the red descending trendline
- Stops below the channel and 78.6 Fibonacci
- Target the recent highs as first TP and -0.27 as...
Please See original idea linked below
Apologies, left out a couple details.
This shows the ABCDE wave analysis which formed on the weekly and is the basis for a bullish pennant.
And we all love a good bullish pennant, not so often you see it on weekly charts.
All other explanations in the original idea linked below. Thank you
DISCLAIMER: Not Financial Advice
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...
#SXP maybe worth it to add this coin to your Watchlist. 👀
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Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the coin we mentioned is...
Following a correction of almost 90% since Mid-August and oversold condition (orange column) there is now an ‘incredible buy’ opportunity.
On the above 1-day chart price action has confirmed a regular bullish divergence between price action and the oscillators together with increased volume = very bullish.
1st target $3.05
2nd target $7.20
This trade remains...
At the bottom of its ascending canal is forming a pattern of head and shoulders
In the coming months, I promise you that Shet Coins will no longer have a place in the market
Look for currencies that came to be a cure for the community, one of which is definitely the Sxp , which is now at a good price.
Benefits of Sxp :
$SXP is trading above support zone. there is a resistance zone that is the same with a descending resistance line around $2.9. if price hold the support and break out from descending resistance, it will head up to complete one of the patterns in chart. Bat at $5.4 - Butterfly at $6.2 - Crab at $8.
and if price break down the support zone this scenario...
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Everything on the chart.
open pos: market and lower
target: 4 - 5 - 7.4
after first target reached move ur stop to breakeven
stop: ~under 1.5(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 6
risk is justified
Good luck everyone!
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