SXP - SXP/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SXPUSDT
ISIN:

SXP - SXP/USDT - Daily - Technical analysis published on 03/29/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.391200 USDT

My targets

0.472567 USDT (+4.85%)

1.423400 USDT (+215.82%)

My analysis

The bullish trend is currently very strong on SWIPE - SXP/USDT. As long as the price remains above the support at 0.391200 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.472567 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.423400 USDT as an objective. Crossing it would then enable buyers to target 2.769000 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SWIPE - SXP/USDT price is 0.450700 USDT. On the day, this instrument gained +58.14% and was traded between 0.285200 USDT and 0.494800 USDT over the period. The price is currently at +58.03% from its lowest and -8.91% from its highest.

0.285200

0.494800

0.450700

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SWIPE - SXP/USDT in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

White line without lower shadow

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.322614	0.361167	0.391200	0.450700	1.423400	2.769000	4.321000
Change (%)	-28.42%	-19.87%	-13.20%	-	+215.82%	+514.38%	+858.73%
Change	-0.128086	-0.089533	-0.059500	-	+0.972700	+2.318300	+3.870300
Level	Minor	Major	Minor	-	Minor	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.207067	0.229533	0.257267	0.279733	0.307467	0.329933	0.357667
Camarilla	0.271195	0.275797	0.280398	0.285000	0.289602	0.294203	0.298805
Woodie	0.209700	0.230850	0.259900	0.281050	0.310100	0.331250	0.360300
Fibonacci	0.229533	0.248710	0.260557	0.279733	0.298910	0.310757	0.329933

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.204233	0.231067	0.247733	0.274567	0.291233	0.318067	0.334733
Camarilla	0.252438	0.256425	0.260413	0.264400	0.268388	0.272375	0.276363
Woodie	0.199150	0.228525	0.242650	0.272025	0.286150	0.315525	0.329650
Fibonacci	0.231067	0.247684	0.257950	0.274567	0.291184	0.301450	0.318067

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.186067	0.231333	0.281567	0.326833	0.377067	0.422333	0.472567
Camarilla	0.305538	0.314292	0.323046	0.331800	0.340554	0.349308	0.358063
Woodie	0.188550	0.232575	0.284050	0.328075	0.379550	0.423575	0.475050
Fibonacci	0.231333	0.267814	0.290352	0.326833	0.363314	0.385852	0.422333

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	75.06
MACD (12,26,9):	0.0078
Directional Movement:	42.250657
AROON (14):	14.285714
DEMA (21):	0.297287
Parabolic SAR (0,02-0,02-0,2):	0.249200
Elder Ray (13):	0.092806
Super Trend (3,10):	0.267048
Zig ZAG (10):	0.440800
VORTEX (21):	1.0469
Stochastique (14,3,5):	52.87
TEMA (21):	0.308872
Williams %R (14):	-22.11
Chande Momentum Oscillator (20):	0.148900
Repulse (5,40,3):	45.7176
ROCnROLL:	1
TRIX (15,9):	-0.2265
Courbe Coppock:	28.11

MA7:	0.296057
MA20:	0.278320
MA50:	0.298140
MA100:	0.268952
MAexp7:	0.316422
MAexp20:	0.290709
MAexp50:	0.287016
MAexp100:	0.284561
Price / MA7:	+52.23%
Price / MA20:	+61.94%
Price / MA50:	+51.17%
Price / MA100:	+67.58%
Price / MAexp7:	+42.44%
Price / MAexp20:	+55.03%
Price / MAexp50:	+57.03%
Price / MAexp100:	+58.38%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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