SXPUSDT.P trade ideas
SXPUSDT Local S/R| .618 Fibonacci| Swing Low| Price Action Evening Traders,
Today’s analysis – SXPUSDT – trading under a key local resistance where a bullish break is imminent,
Points to consider,
- Price Actin Impulsive
- .618 Fibonacci objective
- Local S/R Resistance
- Low Volume
SXPUSDT’s immediate price action impulsive where a deviation to the .618 Fibonacci must be respected for a bullish bias
The Local S/R is current resistance, breaking this level will increase the probability of a bullish expansion.
The current volume profile is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, SXPUSDT is a valid long with defined risk, price action it so be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
― Yvan Byeajee
SXPUSDT CUP AND HANDLE FORMED TARGET $5+
We have formed a nice Cup & Pattern for the SXP/USDT pair. We could move back towards $5
Entry points: $2,00/2,75
Target points: $3,80/5,00
SXP to $10I have been extremely bullish on Swipe (SXP/USDT) for a while and even more so with several upcoming events such as the token burn in August 2021 where the founder of Swipe, JL will burn 10M SXP (currently worth over $25 million) from the Founders unlock. JL has recently burned a whopping 50 million SXP tokens (Valued at $200M) which decreased the total supply by -17.5%. Ultimately, the goal of reaching their deflationary target of only 100M Swipe tokens is nearing, whereby the supply of Swipe tokens will be reduced by over 50% from the current total supply (239.6M). The recent launch of Swipe v2 was very successful and there is huge anticipation for the upcoming SwipeChain testnet launch on July 6th 2021. Fundamentally, the future looks very promising for SXP holders.
Bitcoin's huge -50% retracement from ATH this week resulted in a bloodbath for Altcoins. With surplus FUD circulating the price of BTC flash crashed to $30k, and alts were down over 50-70%. This has provided a great opportunity to buy the fear and secure a long term entry on SXP which has retraced -70% from its local high of $5.87 in early May 2021. The daily RSI has also cooled off and reached oversold levels 30. It is important to monitor BTC closely for now, which has bounced promisingly from the low of $30k already, currently trading at a price of $41650 at the time of publishing this idea. If Bitcoin can successfully regain $42k (200 daily EMA), then I believe the market sentiment will flip bullish again in the short-medium term with eyes on the 21 weekly EMA (at around $46k) being the next major resistance for BTC.
We are already +30% up from my entry at $1.79, which was communicated to my premium group yesterday. Pay close attention to the upcoming resistance levels on the chart highlighted by the red horizontal lines, once these levels are broken and confirmed as support I believe SXP will swiftly rise towards breaking its ATH and reaching our target of $10 which sits below the 2.618 fib extension level. If you are interested in receiving time sensitive entries and market updates in my premium group, follow me on TradingView and send me a message for further information.
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Disclaimer : This is only my opinion and should not act as financial advice, always DYOR (Do your own research).
SXP still at the bottom. Take an entryTake an entry from here. All alts are still recovering but SXP is one of the coins still behind in the recovering compared to the rest of the market.
Take your chance and take an easy 2x the coming days/week(s).
SXP Looks like M?Firstly SXP if didnt hold this summer ATH then we possible got bounce from daily EMA.
There is a possibility of a double top patternbcareful!
There is a possibility of a double top pattern
SXPUSDTIN MY OPINION I SEE THAT SWIPE WILL HAVE A GOOD UP IN THE MID-TIME JUST HOLD IT
GOOD COIN, AND GOOD STRATEGY WILL TALENTED EQUIPE
SXP/SUDT LONGFollow My TradingView Profile To Get Alert
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Dont forget that SXP is related to Binance Smart Chain, in a crypto world this token much more profitable and stable project than others .
1. TP1 6.15$ = 75% PROFITE
2. TP2 8.15 = 145% PROFITE
3. EXIT 12.4$ = 260% PROFITE
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Always Take Your Own Risk and Don't Get To FOMO.
Please Always Take Your Profit If you Didnt' bought in bearish season .
SXP/USDTEverything is on the graphic.
Trade Safely
This is not financial advice! Just my idea about SXP!
Do your own research.
If do you see a mistake or want to help, you can write in the comments.
Take your own risk.
Not investment advice.
My ideas are only helpful and not advice to buy or sell, you are the decision-maker.
