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SXP / TetherUS PERPETUAL CONTRACT

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SXPUSDT.P trade ideas

Here's what we need for a 50% move up.SXP broke and retested the $4.45-$4.50 zone. A potential 50% move to the $7.50-$8 area is the target if we can get a clear break and confirmation of the $5 resistance level. This would also complete the cup and handle formation. The daily MACD crossed bullish on the 28th with some good upside potential. A retest of the $4 level wouldn't be bad, but a break of the descending triangle is needed afterwards. If we break below $4 we are likely to have a downtrend to the previous lower area of $3.25, following the descending triangle downwards. As this point I favor the retrace to $4 before going up, but I like confirmation before trading.
by bronzieplays
SXP - 6h. What do buyers need for a test of $9?The SXP market has been behaving quite technically lately. Our global idea , which we published on April 8th, works great: As we can see from our last idea, sellers managed to test the critical level of $2.65. At this mark, we see that the SXPUSD price has reversed. Even large volumes did not help sellers to make the correction in the SXPUSDT market deeper. Thus, buyers have proven their interest in continuing the upward trend. If we analyze the daily timeframe , we can see that the prospects for continued growth remain large: But to realize this prospect, buyers need to pass the difficult liquidity zone of $4.9-5.2 . As you can see in the chart, buyers are trying to take control of this range for the third time. The fight for this price zone has been going on since August 11, 2020. This range is a historical high, which buyers cannot confidently update. Taking this fact into account, we do not exclude anothe r local fall wave. This correction should not fall below $2.65. The end of this correction within the current consolidation will be a good signal to buy this coin. However, if buyers do not allow the current wave of growth to stop, we should expect a breakout of the $4.9-5.2 range and its local test. It is in these two cases that we are ready to buy this coin. And now it remains only to wait, which of the scenarios will come true. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
49
SXPUSDTa great alt to have for mid term situations, when you check the chart in higher time frames you will see corrections and sideways for the chart's rest and regain power to get new records, when you observe lower time frames you will find out this coin is just like other coins or its still dipping value, it completely depend on your own vision and observation but if you let us do the work we will publish such a signal for it for staking coin's this one has the advantage of using flexible staking which is different from locked and cold staking, and the investor is able to even trade with its staked money with a lower portion of profit , that's great when even your staked money can be traded too . . . 👉this idea has the confirmation of advanced price action 👉for more information about our services contact me via trading view private chat 👉hit share and spread the information for everybody to get profit
Long
by the-crypto-analyzer