Start of the SFP uptrendAs shown in the chart, the break is done and it is suitable for buying, and only the resistance ahead is marked with a red line, which we expect a strong uptrend to start after the failure of this resistance
SFPUSD
SFP about to break outBrothers, gents, amigo’s and amiga’s,
SFP went right up after being listed on Binance, where after it made a correction and has been going sideways for a few days now.
When looking at charts; people quite often tend to look at short term projections, but imo you should always zoom out a bit more. Only then you can see the bigger trend (which matters the most).
If we look at the chart we can see the lines beautifully connect and see a big symmetrical triangle building up.
When we interpret the numbers, there should be an impressive breakout right after it breaks the upper trend line. (+2.50 usd imo)
Furthermore, the fundamentals on this coin look good (their monthly strategy for new coin offerings, marketing plans, upcoming listings on other exchanges, teaming up with multiple other top 20 coins).
Be patient, have faith and dyor.
Because at the end of the day; this will be a (rocket)ride you don’t want to miss.
Ciao,
TheKoalaMan
🆓SafePal/USDT Analysis (16/2) #SFP $SFPSFP is still moving sideways around $2.8 and buying force is still dominant, so I think that SFP still has a strong uptrend like Feb 10.
📈BUY
-Buy: 2.7-2.9$
-Buy: 2.3-2.5$. SL if B
-Buy: 3.4-3.6$ if A. SL if B
📉SELL
-Sell: 3.4-3.6$. SL if A
-Sell: 4.3-4.5$. SL if A
-Sell: 5.6-5.8$. SL if A
-Sell: 8.5-8.8$. SL if A
❓Details
Condition A : "If 4H candle closes ABOVE this zone"
Condition B : "If 4H candle closes BELOW this zone"
SFPUSDT (SAFEPAL) - UPTREND CONTINUATION ANALYSIS 🔎
- SFPUSDT hit an All time high (ATH) and retraced to the 0.618 fibonacci retracement level.
- The retracement was bounded in the falling wedge pattern
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price is currently ranging in a rectangular consolidation pattern.
- This rectangular consolidation pattern is known as the accumulation phase (Wyckoff method).
- The accumulation phase is a pre uptrend phase (bullish build up pattern).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the rectangular consolidation pattern's horizontal resistance (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- All Time High (ATH) resistance (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the rectangular consolidation pattern's horizontal support (S1).
End of correction and welcome impulsive wave!? SAFEPAL M15Technical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 15 minutes movement.
Price found support along with 89 period EMA. Convergence with the RSI exceeding the neutral line * being positive and the price moving in an inverse way, with descending tops ~ divergence.
MACD losing selling pressure. Could it be the end of that correction !? Well, in the Technical context, we may be facing a new impulsive wave. Who knows!?
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
SAFEPAL 1H in flag formation! Defined objectiveTechnical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 1 hour movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Optimistic analysis before the SFP scenario! Price projectionTechnical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 30 minutes movement.
Price comes in with a very sharp drop and is losing its selling strength/pressure.
On February 11th, strong buyer demand drove the price exponentially, closing always above!
I strongly believe in the potential of this crypto for the next scenarios, be it in the medium and/or long term.
RSI> 45 gaining strength. 34 period EMA driving crypto price.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
SFPUSDT (SFP) - UPTREND CONTINUATION ANALYSIS 🔎
- SFPUSDT retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement was bounded in a falling wedge pattern.
- This is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance and is currently retesting the falling wedge's resistance.
- Possible uptrend continuation.
BUY ENTRY ⬆️
- Current market price (now).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the swing low horizontal support level (S1) and ascending channel support.
