SXP Coin Consolidates Above $2.0 Since Start Of The MonthSXP coin price traded at $2.08 with a gain of 8.1% in the last 24-hour and 10.5% up in the weekly time frame. Furthermore, SXP sustains above the mark of $2.0. In contrast, the market capitalization stands at $200 Million. Technically, investors can perceive a positive slope in RSI. The price is moving below the EMA-200. Besides, shallow volume is maintained in the coin. Moreover, the price move can be towards the EMA-200 of $2.65 in future trading sessions.
SXPUSDT
(update) SXP/USDT has a great bullish chance right now.Hi every one
SXP / TETHERUS
this is an update on SXP/USDT as you can see the price has gone downward and broke the symmetrical triangle but now It has created a new support which is pretty reliable. there is a chance for bearish movement because there is a Hidden Bullish Divergence (-HD) on both MACD and RSI. the bearish Movement can be to the new support which is shown in the picture. the bullish movement from support can be to It's dynamic resistance which is shown In the picture. If price breaks this resistance there are good chances for more bullish movements.
Previous Analysis:
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SXP - Short to $1.37It has been a while since I visited this chart but sitting on USD I'm looking for a new long entry on SXP.
- These lines have been in since end of 2020 just before the parabolic run in ALTs. They still seem to be playing a role in support and resistance.
- Looking at the general market price action I think SXP will test the support line once more when BTC starts running in about a weeks time
- Long will be from a target of around $1.37 and coincidently form a local double bottom. SXPBTC target 0.00003602
- Target $2.85
Best, Hard Forky
SXP/USDT can do both bullish and bearish movement!Hi every one
SXP / TETHERUS
SXP/USDT is in a symmetrical triangle right now. depending on which way this pattern breaks we can consider a bearish or bullish movement! if the break out is downward than It's bearish or the break out is upward than the movement is bullish .we just have to be patient.
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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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SXP in a bigger symmetrical triangle!Here's a quick look at SXP 4 hr chart. As we can see, the price has printed a bigger symmetrical triangle. If BTC moves higher from here, we should see a breakout for SXP to the upside soon, so keep an eye on this one! The best entry would be when the price breaks above the triangle with good amount of volume.
My 50x Pick - BonFire token
The idea is: Buy the breakout from the triangle shown in the chart and take profits at the levels shown in the chart.
Targets:
1. 2.58$
2. 2.7$
3. 3.24$
- Profits can also be taken in the resistance zone .
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SXPUSDT Symmetrical Triangle - 70% Profit ExpectedSXPUSDT Symmetrical Triangle - 70% Profit Expected
Just Wait for the SXPUSDT Symmetrical Triangle Breakout & Retest.
NOTE: DO YOUR OWN ANALYSIS. DO PROPER RISK AND MONEY MANAGEMENT. SPOT TRADING ONLY.
NOTE: OPEN TRADE IF AND ONLY IF THE SETUP IS VALIDATED.
Buy Above: 2.391
Target: 4.072
Stop Loss: 1.726
Enjoy Trading!