SWIPE IT!
I could have posted this info 2 weeks ago, but then again there has so much work and important things to do.
However, I still managed to inform our group that SXP is still a thing today, and its doing pretty great with our current trend.
On the daily chart, SXP really dumped hard at 10K Satoshis, up to -80% of it since the BTC rally. That was expected, while BTC is very saturated, some small caps were laying low and giving us the data of having low volumes, which means it will be SELL, SELL and SELL.
Scenario, in which people are not buying they will sell, sell and sell another price discovery on the bottom side of SXP.
Important key levels for SXP in terms of BTC
- 10k
- 14k
- 17k
- 23k
- 26k
- 31k
I have not added FIBs in this TA, I don't want to over analyze something when its already pretty obvious.
Looking into the chart again, SXP really caught my attention since 1st week of February. I actually bought at 7k satoshis, ut went down to wave (2), re-bought and averaged.
FYI - There will be no USD pairs for this TA.
There should be a potential breakout for SXP, see key levels above. That would be 10k satoshis, breaking 10k could also be conditional. It might be the following below
- News
- New developments
- Partnerships
- Posts from Twitter or any Social Media that might be amazing or good for the (consumer and/or investors)
While these cases are common, its safe to assume when you bought already while the price was low.
BUYZONEs
I would suggest to buy SXP in your terms, and average it. 7k satoshis is a good buy for SXP, if we can go lower than that would be 5k satoshis.
Selling SXP, that would depend on your preference to take profits.
SXP's Eco System
When it comes to fundamentals for this coin, -> you may read it here https://academy.binance.com/en/articles/what-is-swipe-token-sxp
Disclaimer
Index Blog
Starting a Small group to help beginners in Trading
1.x.x - Introduction x Start Trading w/ Binance preferably
1.x.x - Rules of Trading
1.x.x - Calculating and Managing your TradesHIVE
2.2.14 - Is Hive really Bullish? - HIVE/BTC and HIVE/USDT
2.3.30 - 2nd Quarter Update: HIVE/BTC/USDT - "$5 USD for HIVE is it possible?"
2.4.08 - You should not worry about the Hive PriceBTC
3.2.18 - BTC Hits 51k, whats next 55k or 60k? Lets see the Charts
3.4.03 - Will BTC rally up to 70k-75k - A is for April, A is for ALTSEASONALTS
6.XTZ.4.10. - Tezos - Q2 APRIL - XTZ/BTC/USDT - Tezos Parabolic Move?
6.GRT Other Alts will be shared, but not everyday to avoid Spam
6.DOGE.4.14 - Doge - Q2 APRIL - DOGE/BTC/USDT - DogeCoin to be Considered as BTC's Store of Value?
6.LINK
6.DOT
6.LRC
6.UTK.4.13 - UTrust - Q2 APRIL - UTK/BTC - UTrust is the TESLA of Crypto Payment Apps
6.SXP.5.05 - Swipe - Q2 MAY - SXP/BTC/USDT - "DeFI App"?
6.STMX
Sources/Links/References
Similar Web - Website Traffic Analysis
Trading View - Live Trading Charts
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