On this 1-day chart volume & candle sticks are indicating a strong reversal in price action is now very probable. A strong sell volume is observed in combination with the gravestone DOJI candle stick, which is confirmed by the following bearish candle.
Could price action increase further? Sure. However, consider that since March 15th price action has increased...
SXP seems want to bounce here starting to print a bullflag with a big bull divergence, i think it is a good place to reload here, still very bullish on it, but don't forget your stop loss.
Still maintaining the upward channel,as long as it stays in the channel it will remain bullish.
if the trend continues we may see moving more up.
Still the price discovery left blue sky above,with more news coming of partnership it soared high.
As i shared before i expexted SXP price t will pass $1,5 when its price was below $1
SXP (Swipe) coin has been rising and almost did 6x in last month , they have made many aggreements with Booking,Travala and Visa card
it also has risen above %40 today and it'is possible to start falling if the daily candle closes below $2,23
Support levels are $2,01 ...
We can see SXP forming a bullish penant with a beautifull bullish divergence on the chart, good spot for entry hoping for a breakout upside of the pennant.
