Will SWIPE - SXP hit ATH again?

7 فبراير 2021

The SXP/USDT pair has raise from a dip after a turbulent 2020 yearend because of a lot of rumours.
The rumours where, that the SXP price was manipulated. A lot of investors where disappointed and sold their SXP.

We can see now a clear reversal.
We went back above the .236 fib. It found support on that .236 fib and is continue climbing higher.
At the moment of writing XRP becomes a bit overbought. I still think it can go higher because of an announcement that will be made on 9 February 2021.

My targets for the long run:
° 1.608 (.236 fib) DONE
° 2.255 (.382 fib)
° 2.777 (.5 fib)
° 3.300 (.618)
° 4.044 (.786)
° 4.992 (1)

Don't forget to get profit or set alerts when we hit the next fib levels.
You can always buy it back when it tracing back. It will not go in one straight line to its previous ATH (All Time High)
Also keep a close eye on BTC. If BTC starts to pump it is better to move some of your profits in BTC.
Your end goal should always be to increase your BTC amount.

Cheers and have fun.
° Be Patient – Don’t panic – Trade Emotionless.
° Never lose a winning trade. You can always get back in later.

8 فبراير 2021

ملاحظة

Small Update,

We broke through the wedge and tackled the .382 fib.
We need to close our 1h, 4h and daily candle above the .382 fib to find support on this line. Else we could go back to our previous fib.
Our next target is the .5 fib. If we look left on the daily chart we will probably find some resistance @ $2.6 and could come back to the .382 fib.

If we look @ our technical indicators we are in overbought territory but nothing indicates that we will revers @ this moment.

Don't forget to get profit or set alerts when we hit the next fib or resistance levels.
Don't be greedy, greedy people always loose there trades.