Bouncing between support and resistance, looking for a resolution in the next 24-48 hours.
- recent partnership announcement
- increased volume
- great fundamentals
- slowly building a strong community
- short term traders taking profits
- lack of awareness of the coin (marketing)
- Frustrated investors from the ICO boom who got caught holding...
Expecting April to be a massive month for SXP. The launch of Swipeswap had minimal effect on the price due to bad timing in relation to BTC, but I see no reason why we cant break the ATH set in July last year (in the bear market).
Prior to the extracted fractal we also saw a period of consolidation similar to the period we have had for months before this recent...
It seems that this dip was caused by the futures expiry tomorrow which makes it perfectly healthy as the last three expiries have seen a similar dip.
- Short term volume Rising
- Nice resistance support flip
- Whales look like they are going to be unable to short to 44k on futures expiry
- If it follows pattern of the last two futures expiries we should...
Testing this resistance again - the more we test the more likely it will break. Hoping to break over and get a nice resistance support flip before tracking up to the recent high before the end of the month.
-dependant on how BTC performs
-have not surpassed this resistance since the initial February drop
-not much resistance until the recent high after this...
Symmetric ascending triangle (could also be an ascending channel) could continue all the way to the major $1 resistance - after breaking $1 there should be some FOMO pushing it up to $1.14 fairly quickly.
-Btc running up to ATH
-partnership announcement most likely this quarter
-first btc-eth bridge launched
Tesla has finally started to drop towards a fair value, which is unexpected considering recent hype around Elon Musk. The price should continue to drop until reaching the buy zone which is fairly strong support for Tesla - that is, of course, if Elon fails to create hype overnight which will send it to the moon (haha, anything is possible with this guy!).
Expecting some short term gains with the new relief package but after that, we could see a mild-large correction between 15%-30% due to potential uncertainty in investor sentiment caused by debt, covid, unemployment and fears of an overvalued market.
This is highly speculative as many external factors could change whether we fall out of this ascending channel.