Since the last mini alt season in August-September where we saw SXP making its ATH at $5 it has made a really good correction movement. Buyers' zone (-0.18/-0.27 Fib levels) on daily time frame was reached successfully and from the beginning of the year we see a good volume inflow. At the same time the price doesn't react accordingly, that means that there is accumulation going on. A falling wedge (blue) was printed and the price broke out successfully confirming it with retest and supported by good volume.

Now we can see a rising triangle (yellow) being printed. While the price is getting squeezed in this pattern I expect a break out sooner or later. First (short term) target for taking profits after the break out will be at 0 Fibonacci level, around $1.50 where I expect some pressure from bears that will return the price for retest/break out confirmation of the rising triangle. That would be a possible good entry point for a long position if you are not in market. Successful retest will open the way to the second mid term target which is from 0,5 to 0.618 Fib levels, $3.20-3.60 approximately. After reaching my second target of 200+% I will leave a small bag of SXP for mooning.