SXP - Nearing the End of it's Consolidation Cycle? 2021 Boom?

12 thg 12, 2020

SXP has been experiencing a significant downtrend since it's Soaring August high of almost exactly $5. Swipe has been one of my favourite alts since release as it has until the last few months had crazy volatility and gives a VERY healthy yield return for hodling (I wonder why the sell walls get so clogged up on this chart... hmmmm????)

We look to be nearing the end of the cycle in the next few weeks: Clear consolidation can be seen taking place confirmed by volume (save for a few weird outliers).

We're oversold on RSI, and MACD is fighting it's way back up the mountain.

I suspect January 2021 we'll see a very significant increase across the ALT market, and I believe SXP will easily achieve the marked targets within the next 1.5 ish months.

This is not financial advice.