SXPUSD Buy | S6T3 - Team Trading Post for Fredquantum-Kouba01 Traders Team

I am glad to join Team Fredquantum-Kouba01 Traders and I will try my level best to add value to the team and we will win the Contest.

1.) Name and introduction of the project token.

Swipe was founded in the year 2018 by Joselito Lizarondo a younger entrepreneur and Crypto Enthusiast. SWIPE is a blockchain-powered API issuing service that allows commercial partners to issue Crypto-powered Debit Card and it acts as a bridge between Crypto & Commerce. It will bring the mass adoption of Crypto as Swipe connect has the world's largest digital payment network and it continues to grow over time. It will allow us to make payments using a Swipe card anywhere in the world which means we will be able to make payments around the globe without using any Fiat currency.

Swipe will act as a bridge between Crypto and Commerce and it will bring the mass adoption of digital assets in our day-to-day life. Swipe is acquired(majority shareholding) by Binance a few months back and now binance is managing its development plans for the future they have FTX as their top client as well apart from Binance.

Features:-

- Virtual & Physical Card
- Programmable Setting
- Compliance Ready: KYC verification.

SXP which is the native token of Swipe is listed on all the major exchanges like Binance, FTX, etc in Spot, Margin, futures. The project has great fundamentals with some big investors. In the long term, this is going to be a beast.

2.) Why are you optimistic about this Token today, and how long do you think it can rise?

The use case of SXP is broad and as everyone is fascinated towards digitalization in this scenario Swipe will bring the mass adoption of Crypto Asset in day-to-day life. I will be able to make using Crypto anywhere in the world. The best part of this project Binance Acquired a huge share of SWipe and whenever Binance does such a thing they always have a very good plan for the project. Sooner or later SXP is going to hit 5 USD in near future and the technicals are also very good. SXP is a mid-cap coin and whenever BTC turned highly bullish Mid cap coins will pump hard.

3.) Technical Analysis

I would like to do the Multi timeframe analysis.
SXP/USD, 1W
SXP is breaking out on the weekly timeframe after a long downtrend. I am hoping it will be sky rocket very soon.

SXP/USD, 1D
On the daily timeframe, the picture is almost the same as the Weekly timeframe very bullish and there is triple bottom formation in play as well. It is showing a very good upside move.

SXP/USD, 1 hr-
On the hourly timeframe, it is showing many bullish patterns but they are not that much clear however one thing is clear it gave the breakout and now testing the retest area. I am fortunate enough to grab this at the time of retest.

Entry Price: $1.58
Stoploss: $1.02 (Daily close below)
Target: $2.85

4.) Your plan to hold it for a long time or when to sell?

I would like to hold this for at least a 1:2 Risk reward and I am very confident about this trade. The market cap of this coin is not too much, it is a mid-cap coin whenever the season will start this coin going to 3 usdt in the near future. However, I would suggest you to if you are buying then please follow the Stoploss because in Crypto anything can be possible and fundamental play a very important role.

5.) Do you recommend everyone to buy and the reasons for recommending/not recommending

Yes, Swipe can be a good pick for long-term and short trading. In the chart, I have mentioned the short-term target and I am expecting it to hit 5 USD in the long term. I have added this coin in my SIP after the acquisition of Binance and hoping to hit 10 usdt in the coming 2-3 years. I mostly add a super-strong project with good vision and backers.

6.) Anything else you want to share about the token/project.

Swipe is one of the strongest projects in Crypto Space having great fundamentals and backers behind it. It has a bright future and is backed by finance and I am holding this coin for the long term. It has an active development team posting updates on Twitter. It is ranked on 100th as per the Coin market cap and I can see it in the top 20 in the next 2-3years.

Learn more about the project-

Website- https://swipe.io/
Twitter- https://twitter.com/SolarNetwork
TechnicalPaper-

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cc- @kouba01 @fredquantum