SXP looking good MA's wise, but also patterns-wise. Personally targeting 20$ according to fibs. Below some examples of why I'm bullish on SXP, besides the fact that it has an actual use case and CZ has a stake in it.
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Successfully reclaimed 200 MA.
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Golden cross on 50 & 100 MA
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Seeing an ascending channel on HTF. Volume checks out as well. With a maximum target of 40$ depending on the breakout level.
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And lastly, a breakout out of the Cup&Handle pattern as shown below with a perfect handle-dip to about 1/3rd of the cup.
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Currently holding ZIL, ICP, RVN, LTC, TLM, IOST, ZRX and SXP
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Was gonna update alt bag every trade, but not worth the effort
Most vital part for alts is for BTCD to break down below 44 for now
Hey nice info and TA. Could you expand on the use case and what you mean by CZ, the country?
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@pinski121,
CZ as in Changpeng Zhao the CEO of Binance.
The use case is the Swipe card. Can easily spend crypto anywhere anytime. (Both Binance and FTX use the SWIPE card)
Swipe also as more services/products,I stake my SXP for example