A technical analysis update on the SXP (Swipe) cryptocurrency!
So, you're seeing a breakout from a descending channel in the 1-day timeframe, which is a bullish signal. This suggests that the price may be preparing for a potential upward move.
- 1D timeframe: The breakout is occurring in the daily chart, which is a relatively short-term perspective. - Expecting bullish wave: You anticipate a price increase in the coming days.