CIS Price Analysis

CIS Price Analysis - 30/05/2021

SXP / USD Analysis

Price / Performance Summary

Price	$2,08
High	$2,12
Low	$1,76

7 Day	3,6%
30 Day	-54,8%
3 Month	-55,1%
6 Month	121,1%
9 Month	-32,1%
12 Month	332,9%

Simple Moving Averages (d)
	Value	Action
10-d	2,100	BUY
20-d	2,865	HOLD
30-d	3,560	WEAK SELL
50-d	3,807	WEAK SELL
(6,21)-d	(2,134 - 2,929)	HOLD
(50,200)-d	(3,79-2,33)	HOLD
Exponential Moving Averages
10-d	2,263	WEAK BUY
20-d	2,755	HOLD
30-d	3,065	HOLD
50-d	3,345	HOLD
Simple - Exponential Moving Averages Pairing
14-d	(2,35-2,12)	WEAK BUY

Oscillators (d)
	Value	Action
RSI (14)	38,56	WEAK BUY
MACD (12,26)	(-0,587 &-0,541)	BUY
CCI(14)	-61,4	HOLD
Bollinger Bands	N/A	HOLD
Chande Momentum Oscillator	-8,66	HOLD
DEMA(20,50)	(1,99-3,05)	WEAK SELL
Stokastik Oscillator (14,3,3)	(23,22-26,90)	WEAK BUY
Average True Range	-74	WEAK BUY
Chaikin Osilatörü	12,947M	HOLD
Detrended Price Osilatörü	-0,304	WEAK BUY
Volume-Demand Oscillators (d)
Demand Index	0	WEAK BUY
Money Flow Index	28	WEAK BUY

I. Trend Analysis

Chart 1 - Trend Analysis

The upward trend, which has been continuing since December 23, 2020, continues to exist as the main trend. But recently, this trend has worked 6 times as a support level. In addition to this trend, there is a downward trend that continues as of May 3, 2021 and progresses downward with a serious slope. The price is stuck between these two trends and it can be expected to break through in the direction it will go.

II. Support & Resistance & Fibonacci Retreament

Chart 2- Support & Resistance & Fibonacci Retreament

We can talk about 5 main support and 5 main resistance points. Below are the main support and resistance points. If the uptrend is broken, a voluminous drop and subsequent testing of support points can be expected. But if the downtrend, which is the 2nd Trend, is broken, a voluminous rise can be expected. It should be followed carefully.

MAIN RESISTANCE POINTS		MAIN SUPPORT POINTS

5.Main Resistence	$3,852	1.Fib Support	$1,748
4.Fib Resistence	$3,769	2.Main Support	$1,672
3.Main Resistence	$3,216	3.Main Support	$1,135
2.Fib Resistence	$2,671	4.Fib Support	$0,711
1.Main Resistance	$2,565	5.Main Support	$0,506

III. Formation Analysis

Chart 3-Formation Analysis

Inverted Wedge formation has been formed, these formations are broken in volume upwards.

IV. Fear & Greed Analysis

Chart 4-Fear & Greed Index

The Fear & Greed Index scores 10 out of 100 for this pair which shows that there is still extreme fear in the market.

Source: https://alternative.me/crypto/fear-and-greed-index/

V. News Perspective

Seven Low-Cap Altcoins Jostling for Huge Breakouts, According to Trader Michaël van de Poppe; one of them is SXP. The last coin is crypto-fiat gateway Swipe in its Bitcoin pair (SXP/BTC). Van de Poppe believes that the accumulation phase of SXP/BTC is nearing its conclusion and it is now poised to rally to 0.00035 from 0.000085, representing potential gains of over 385%.