Swipe (SXP) Overview
What Is Swipe (SXP)?
Swipe is a platform that looks to form a bridge between the fiat and cryptocurrency worlds with its three main existing products: the Swipe multi-asset mobile wallet, the Swipe cryptocurrency-funded debit card and the Swipe Token (SXP).
The Swipe wallet acts as the main access point to the Swipe ecosystem and can be used to store and manage a wide variety of assets — including both cryptocurrencies and fiat currencies. The wallet can also be used to manage Swipe's second product — the Swipe debit card. This debit allows users to spend their cryptocurrencies at Visa payment terminals and comes in a variety of flavors, each of which offer increasing perks and benefits.
This ecosystem is powered by the Swipe Token (SXP), which functions as the fuel for the Swipe Network, and is used for paying transaction fees. Holders of SXP tokens are eligible for exclusive discounts on the Swipe app and the token can be used for making fiat payments with the Swipe debit card.
Swipe (SXPBTC) Chart Analysis
The first time we went for SXPBTC it was a success, the following two it was a miss... Let's take another look at this altcoin chart and see what we have.
Let's start with the long-term chart, Swipe is a good altcoin project and just hit a new All-Time Low.
This is a true all-time low as prices went lower than October 2019. I am using KuCoin because it has more data:
If we take a closer look, say the daily chart, and compared it to our indicators, RSI and MACD, we can see a strong bullish divergence... With the altcoins market getting hot, this is all we need.
MACD + RSI:
First, it was a steep decline, then it goes flat and finally up...
Numbers to trade now, please... See below!
Swipe (SXPBTC) PREMIUM Trade Numbers
Buy-in: 0.00002250 - 0.00002450
Next support: 0.00002000
1) 0.00002820 |Hit 17-Jan. (+19%)
2) 0.00004100 |Hit 27-Jan. (+73%)
3) 0.00005620 |Hit 7-Feb. (+137%)
4) 0.00007850 |Hit 5-Apr. (+231%)
5) 0.00009650 |Hit 1-May (+307%)
*) 0.00010122 |Hit 3-May (+327%)
Potential profits: 1272%
Stop-loss: Close weekly below 0.00001999
Capital allocation: <20%.
CONTROL YOUR EMOTIONS FOR SUCCESS!
When everything is going wild and crazy that's when we take it slow.
Controlling your emotions is important to succeed while trading Bitcoin, Altcoins or any other crypto-coin.
Controlling your emotions can be hard, we know...
But we have tools that can help us get it done.
One (1) = Patience.
Two (2) = Disconnect.
Take your time before any actions, always, and you will have control.
If you can't manage to take your time then just disconnect, go outside and engage with people or nature... And you are done.
Do not worry about missing any opportunities, the opportunities are endless for us.
When one opportunity is gone, there are many more that will show up.
Thanks a lot for your support.