SXPUSD trade ideas
Long Swipe ($SXP)Looks like a possible Cup and Handle formation, which if correct would indicate a target of around $8. Fib extensions suggest a possible target of $6.90. Since I don't know 1) really anything about what this token is and 2) I don't use C&H much and also since 3) the market has had a few dips during the last couple days I will keep a tight stop loss and only open a small position.
In either case if BTC and the alt market continues to look strong I will probably add to this as this was in an obvious strong recent uptrend.
SXPBULL LONG #SXPBULL/USD LONG
sxpbull really lost a lot to sxp/usd
last times we were about 300 and 100, now we are at 15.
if sxp were to rise to 10 $ we could return to zone 100..
Don't expect movements like on bnbbull - ethbull etc..
if there are sudden drops we will go back towards 3 and the situation becomes difficult there..
(I remind you that these tokens are not for the long term.. unless you are willing to lose everything even in the swear of a couple of days XD).
$SXP has not made a move yet #SwipeThis wedge is now breaking and #SXP has a lot more to go. Dont miss this low opportunity
SXP Long Setup With Pivot PointsSxp made a very good retest at supply zone from all time high.
And now we can see we have a pullback right here with this pullback maybe we can see a new all time high.
Take your own risk.
SXP Falling WedgeSxp break the ongoing falling wedge and its maybe time to make a new all time high.
We can describe this wedge break and retest should be the end of the pullback.
SXPFollowing the last bullish impulse, price has corrected back to the 61.8% level. This 61.8% level at $4.30 zone is a daily resistance level which is now being retested as support. I´v already bought Swipe although this is a great time for re entry. Ill be holding this trade long term
Tip: Swipe and 1Inch have a strong positive correlation
This should not be considered financial advise, DYOR
SXP/ USD - New All Time High soonbased on bullish structure i expect a new All Time High soon
possibly some dirty wicks, hence spot is the better (than leverage) play
April will be HUGE for Swipe! (USD)Swipe aims to solve one of the problems that were especially prevalent in cryptocurrency prior to this year, allowing users to spend their cryptocurrency in everyday life via a familiar debit card - and get rewarded for doing so. As more and more companies are adopting cryptocurrency as forms of payment, it may seem that the use case of Swipe will diminish, this a partly true. However, Swipe has established itself as a powerful player amongst rivals like crypto.com and the use case is certainly not something to worry about in the short term, especially while we are on the cusp of price discovery with constant developments like Swipe Swap.
TA:
- RSI showing strength especially since we are so close to the all-time high.
- Break out above long term resistance a couple of months ago, flipped to support and sustained
- Accending channel formed, tested the top twice with healthy fallbacks to support and bounces shortly after.
- Significantly more volume since the beginning of the year, peaking in February but picking back up these last few weeks.
- Predicting an Elliot impulse wave either this push up (as seen on chart) or the next one as the resistance becomes weaker. Won't be too hard to get some resistance support flips considering the recent ATH which price discovery was ruined by BTC.
- Consistently being ranked high on the social blade - people are watching this coin, perhaps waiting for it to break out of the channel, pass the recent ATH or waiting for BTC to stabilise before they buy.
- Possible ascending triangle formed within the channel.
FA:
- Swipe swap recently launched, which includes a generic swapping service as well as farming.
- Tied with Binance, which is basically endless money and advertising stream for Swipe.
- Use case is as a debit card where you can spend your crypto in everyday life, much like crypto.com.
- They have had many complaints about the choppy user interface on Swipe swap and appalling customer support, however, I do not see this as something that will hold the price down, most investors aren't affected by these two negatives. I also assume that these things are being worked on.
- No concerns about listings or accessibility for swipe as it is listed and run by Binance and their partners, Binance being the most used cryptocurrency exchange in the world.
Buy big sell BIGGER - Megawhale
#SXP chartThis is my alternate bullish count version for #SXP #Swipe, sub 1/2 wave of the larger 5th wave is in and we are doing the 3rd at the moment. A large impulse should seal that move if that happens. That green volume pump on 30 MArch made me think there is more to this than just a C correction down. If it turns bullish and breaks the high closing above it, flip to a long.
SXP/USDExpecting April to be a massive month for SXP. The launch of Swipeswap had minimal effect on the price due to bad timing in relation to BTC, but I see no reason why we cant break the ATH set in July last year (in the bear market).
Prior to the extracted fractal we also saw a period of consolidation similar to the period we have had for months before this recent move - expected swipe to break the current upwards chop and spike upwards by the end of April.
Swipe should turn up - SXP chartI see this structure for Swipe SXP and I believe it was still correcting and completing the 4th larger wave. The RSI bullish divergence is very convincing. If thats the case we will turn up more bullish from here with a more impulsive 5th wave. This is in line with a missing smaller 5th wave for BTC as well, and that the market will turn now again bullish. The previous ath fits perfectly to the 0.618 of the w3 extension.
