SXP starting a parabolabroke over descending trendline and key horizontal level. Now retesting key level.
SXPPERP trade ideas
SXPUSD Bullish Scenario My take on what could happen if BINANCE:SXPUSD was to continue the bullish pattern to the upside with divergence on Oscillators.
This is just for education and my guess only. Do not take this as trading advice as I am not responsible for any loss.
SXP above the horizontal PIVOTSXP above the horizontal PIVOT
it is above the H4 200EMA
it is building a floor on the support level
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SXP 30/08/2020Stayed tuned for my upcoming release 'SXP: Why Do You Hate Me', in all good record stores soon.
but also this:
SXPUSD - Consolidation & Expected Trend ContinuationThe recent correction in SXPUSD was part of a market wide event triggered by volatility in BTCUSDT . We have now been squeezed into a range bound consolidation.
Potential outcomes in the short term:
Remain range bound and essentially pegged to price action on BTCUSDT . Prevailing uptrend loses intensity, but not necessarily invalidated.
Maintain prevailing uptrend and breakout of consolidation zone. Retest of local high around 5.0 if trendline support is respected , otherwise establish new range at higher bounds.
Break below bottom of consolidation zone and break current market structure. New range established at lower bounds.
I have been accumulating at the bottom half of the range and selling in the top half. This is also, IMO, a good long term hold.
Long term trend for BTCUSDT is looking bullish as it recently broke out to the upside on a long timeframe wedge, and it is likely to bring alts along for the ride.
SXP keeps its supporting levels, consolidation and pullback. SXPUSD
It is likely that SXP will break its bearish trend with the double bottoms shape.
Conditions:
Good signs: XAU/ XAG, equity markets and BTC are holding and keeping its bullish momentum.
Alligator indicators are expected to see the crossover between the Jaw and Lip Lines, which will show the bullish trend.
Drawback: BTC remains consolidation and keep its important price above 11k2. Otherwise, if BTC can not hold its level, we will likely see another dump in SXP. SXP or Altcoins is highly impacted by BTC and ETH. Be careful to exit the trade, if BTC drop out of its bullish trend.
Market structure: Consolidation ( still in the bearish trend, Lip line is above Jaw line), it means that Price is still in the ranging zone, however 2.5 - 2.7 demonstrated a strong supporting level.
Target: 3.5 and 5 or Higher.
Entry:
Orange zone: acting as a resistance for seller's entry.
Orange zone, Buying zone for buyers, if the price actions can break above this weak resistance and hold its level as a support.
Exit: Stop loss 2.0 - 2.2 for Buyer, 3.6 - 3.8 for Sellers.
Thank you for your supporting and comments.
SXP 8.25.20Swipe looking ready for a nice move. Broken out and came back to retest. You are seeing these retests in many many cryptos. What we have here are tests of support levels to see if we are ready to continue higher. These moves are incredibly bullish. It is best to build a supporting structure and foundation for you blast off. Much like Tezos is doing now and how Chainlink did all of the past two years before it mooned.
SXPProbably shouldn't have goen long on it just yet..... :(
Swipe's visa card does look good tho so hopefully this coin does well, if they ever operate in Aus I'd probably sign up :D
Swipe 8.22.20Another huge correction that is looking like a possible entry. THe way that the daily candle is playing out it may be a bullish pinbar. Lets see how strong the daily close is. I have my eye on this one and Aragon. The aragon played out and made a good amount and still have a large part still running.
SXPUSD - The way to 4 usd and then 9? Please comment my povWill this play out this way? Please let me know your opinion!
im just a student learning the crypto trading space :) lol
SXP SimpleI'm a simple guy so i trade simple. At the end of the day i lose money. So if you are clever enough dont listen my advice.
- I'm short scalping until SXP reaches 0.5 fib
- At 0.5 fib i'm opening a small long, but it's not a scalp.
- I will wait for 0.618 fib and when it touches that, i'll sacrifice my balls for the long position which opened at 0.5 fib.
- The long position which opened at 0.5 fib is a safe place in case it doesnt touches the 0.618 fib.
SXP Trading Within Falling WedgeSXP yet again finds itself trading in a falling wedge pattern. Prices will likely drop below $3 before moving higher again.
SXP future movement + rationalei think the lowest SXP can go is pink (unless we see an entire market sell off).
there is indication of support as once it gets close to this area, the 50 ma is pierced, although it does return to previous levels.
it seems that bears are beginning to get tired and a rise may soon be seen.
if pink is broken, i believe it will be a flash dump followed by an increase to previous levels.
not financial advice.
stay safe.
SXPThe Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
are we there yet??SXP looking like it could be forming ready for a bit of a move again... but is it yet?
thoughts?
SXPThe Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
SXPUSD breakout imminentNearing the end of the wedge, I assume that it could either use the dashed resistance and carry on through the wedge, and break out earlier than expected. If it breaks below the dashed resistance, the price could go as low as $3, since humans like round numbers. This will likely be a big buy-in point, and a huge resistance point for the downtrend. It will likely not go below this.
If the price breaks below resistance point, expect price to continue through the wedge, where a breakout will also be expected.
