Dear my friends, The price action of SXP has broken the downtrend on the weekly timeframe. A pinbar candle has appeared to support the upward trend. The expected scenarios are $0.6, $1.1, and $1.5. The RSI is moving upward and is at 63, indicating a dominance of buyers. We need to wait for sufficient volume for a confirmed breakout. Returning to the daily timeframe, those using the Ichimoku cloud may notice that the price is above the cloud. The pinbar candles on the daily chart provide a foundation for the expectation of further price movement. A suitable strategy at this time is Dollar-Cost Averaging (DCA), with one portion now and another at a support level below in case of a Bitcoin correction. Best Regards,
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SXP is running, we are aiming for $1 before correction!