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Swipeanalysis

SXP 1D Pattern "Cup with handle" and growth target $60On the fall in May, SXPUSDT buyers showed once again that they are not planning to let the price go below $1.30. By the end of July, the price of SXPUSD once again dropped to a strong mirror level of $1.30 , from which buyers began to drive the price up. SXPUSDT price growth at the moment shows more than +100% If we look at the SXPUSD chart globally, we can assume that the "Cup with a handle" pattern is being forming now. For the full completion of the formation of the "Cup with a handle" pattern, the SXP price needs to rise to the area of ​​$5.50. Well, when the pattern will be formed , and a positive attitude prevails on the crypto market itself, then we will need to fasten your seat belts) Since the path will open for growth first to $10-11. Further correction and continued growth to $25 . And the icing on the cake can be " $60 for the SXP ", as the final global TP of working out the "Cup with a handle" pattern. Eh, dreams — dreams :) What do you think about such a scenario? Write in the comments! _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
80
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. Be sure to follow me here on TradingView if you want to receive future updates and SL adjustments for this trade and many more. Disclaimer : This is only my opinion and should not act as financial advice, always DYOR (Do your own research).
Long
by TheBitcoin
2
SXP 1D Need fall by $2.60 so that later grow to $20Well, the goal of $5 has been achieved , a little not as planned in the previous idea, but still. Even the SXPUSDT price slightly updated the maximum, but so far these are false breakouts. Now, according to the SXPUSD chart, you can see that at the moment strong support has formed at the level of $2.60 , why shouldn't the Swipe price go there again?) And after there, it will be possible to start a long-term super growth in the region of $20 , of course, if the general mood on the crypto market will contribute to this. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
43
SXP 12H Earned, it's time and honor to have, the final chordHello, today is the time to update the idea for SXP since the H&S pattern has fully worked out its potential. We described in detail about the H&S and goals for growth in the previous idea, who believed and used it - made good money. Now what? Now the price of SXPUSDT is approaching the levels, where the time comes to fix your longs a little bit. I n the area of ​​$3.60-4 , a protrade is possible, the logical completion of which will be an impulse. We are not psychics to clearly name where the price will move next, but we recommend that you closely monitor the price behavior in this zone. The impulse can equally shoot up by $5 and down to the area of ​​$2 The absolute maximum of the SXPUSD price passes about $5, and so far we cannot believe that the maximum will be updated the first time. Now, in our opinion, a deep correction is more likely. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
11