SFPUSDT %132 Daily Volume SpikeSFPUSDT Analysis: Significant Volume Spike and Potential Move to Fresh Zones
There is a 132% daily volume increase in SFPUSDT, making it worth examining.
Currently, the price has almost exhausted the demand zone it recently reacted from. I believe it may now look for fresh demand zones at lower levels for the next significant reaction.
Key Points:
Volume Surge: 132% daily increase indicates strong activity.
Exhausted Zone: Demand zone has been nearly fully utilized.
Next Move: Watching for a potential test of fresh demand zones below.
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Sfp
70% Pump On The Horizon (:Massive Upside Potential.
Lows of the range has been swept. Next challenge is to break the trendline and continue upwards.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
SFP ROADMAP (3D)It looks like the SFP has formed a diametric from where we put the green arrow on the chart.
It now appears to be at the end of wave D.
By maintaining the green range, it can move towards the targets.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Patience is LONGSo in this image, I hope that you can see the obvious. We have a wide range that we could potentially be trading from top to bottom until one side breaks. My idea right now is that we still haven't taken out the range low, which would also take out some of the liquidity wicks. I've also added the downtrending range to keep in mind and backup my thoughts that this could just be a correction for a bigger jump to the upside.
That's where I would look for:
A loss of that level
A reclaim ( possibly a swing failure pattern, ie, wick below and close above the lows )
A change of market structure
A long trade entry
This is assuming we come back down here, of course. If we don't, then we look for the top of the range for vice versa option or a continuation of this incredible bullish trend where we find support at the highs and continue on.
Always keep in mind that we may not get the SFP and the close back above the lows, this could take patience if we start to see a back test of them laws, and a loss of that level.
Losing BITGET:BTCUSDT.P $36,000 ish would look more bearish and we might even end up closing the CME gap below.
Just sharing some thoughts, so you are aware of the range that we're in. Sometimes I miss these things and they could be really great opportunities for both long and shorts until one side breaks.
This is not financial advice.
FET Solid Long Entry & TargetA few untested KEY levels below would be a nice place to enter a long trade if we get the reaction we are looking for. The target would be the Value Area High & other untested KEY levels above.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
21/10/24 Weekly outlook (day late)Last weeks high: $69,001.51
Last weeks low: $62,475.70
Midpoint: $65,738.60
Bit of a different weekly outlook this week as I couldn't post yesterday. So with the benefit of hindsight it looks like we have a swing fail pattern in the making after taking the liquidity from the $69,000 ('21 ATH) level.
I would say judging by the chart I would want the downside to be capped at the Midpoint, continuing the trend pattern of higher highs and higher lows. The '21 ATH has been the biggest hurdle for BTC over the last 7 months with repetitive rejections, if the lows can keep creeping up then eventually we should get a spring above and that should be the move for an ATH run which should happen soon after if all goes well.
Naturally we have ever increasing outside interference with the US election just around the corner, we know this is likely to cause volatility so be careful of that. Prediction markets like Polymarket have Trump as favourite, he is the pro bitcoin candidate so it should be a positive for the space if he were to be elected but you never quite know what will happen until it's confirmed.
This week I want to see BTC continuing to make higher lows and higher highs. Altcoins have cooled off a little too after the initial BTC burst up from $60,000 so I'm looking for opportunities there too.
SFP looks super bearishFrom where we put the green arrow on the chart, it looks like SFP is completing a triangle.
It seems that we are at the end of wave C and the structure of wave C was a double hybrid.
It is expected to drop towards the green range for wave D.
Closing a daily candle above the invalidation level will violate the analysis.
invalidation level : 0.95
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SFP is bearishThe upward momentum of the price has been greatly reduced
We have a bearish iCH on the chart
Below the price is full of liquidity pools
The SFP bear spring seems to have collapsed
By maintaining the supply, it can move towards the targets
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
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SFP/USDT Gaining Momentum to Really from a Key Support 💎#SFPUSDT is on the verge of a strategic move, challenging the upper confines of a symmetrical triangle. Currently testing the channel's upper edge, the asset stands at a pivotal support of $0.798. We might witness a decisive breakout if it sustains this level, leveraging the built-up momentum.
💎However, if #SafePal can't sustain this energy and dips below the $0.798 mark, it may signal a deepening bearish phase, targeting the next critical demand zone at $0.762. This area is historically known for its strong liquidity and potential for triggering rapid price recoveries.
💎If SEED_DONKEYDAN_MARKET_CAP:SFP revisits this demand zone, cementing a robust recovery from here is essential to uphold the support. Failure to bounce back could amplify bearish forces, sour market sentiment, and potentially catalyze further declines.
💎Stay alert and responsive, Paradisers. Your ParadiseTeam is closely tracking these developments and is ready to navigate you through the potential shifts in the #SafePal market.
MyCryptoParadise
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SafePal (SFP) completed a setup for upto 11.50% pumpHi dear friends, hope you are well and welcome to the new update on SafePal (SFP) with US Dollar pair.
Recently we caught almost 14% pump of SFP, as below:
On a 4-hr time frame, SFP has formed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
06/04/24 Weekly outlookLast weeks high: $64,741.58
Last weeks low: $56,573.01
Midpoint: $60,657.29
As April comes to a close, BTC post it's first red candle on the monthly for the first time since August of last year, that's exactly 7 months of green candles until now.
From a TA standpoint it comes as no surprise, BTC hit and surpassed the previous ATH, it was clear we would meet resistance at this level as is often the case whenever a coin reaches it's previous ATH. Now that the monthly close back under the 69K level that confirms a Swing Fail Pattern (SFP) which is HTF bearish, the first bearish confirmation we've seen on the HTF for quite some time, the first signs of exhaustion in the rally.
We are now in the "post halving" section of the Bullrun which we know has huge bullish potential, however in the short term Bitcoin is looking more bearish than it has done this year. Altcoins have already taken a huge hit, probably worse off than was expected if BTC pulled back and a lot of alts are in oversold territory . For any strength to return to the altcoin market BTC needs to return to strength and for that to happen all eyes are on the ETF inflows/outflows.
For this week I would be surprised if we saw anything other than further chop. The 4H 200EMA is still resisitance for now, a reclaim and acceptance above that level would be a bullish signal for continuation higher, until then building long term SPOT positions/DCA'ing on alts may be a good idea as prices are down 15-25% from their local highs. Leverage trading would require being very nimble to dip in and out of trading both sides.
SFP / SFPUSDTGood Luck >>
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18/03/24 Weekly outlookLast weeks high: $73775.8
Last weeks low: $69170.3
Midpoint: $64564.9
After making consecutive new ATH's Bitcoin has now experienced it's first prolonged pullback. Before these last few days we saw each dip as more of a leverage flush with a near instant V-shaped recovery. This however is more of a traditional pullback, the main level of note is the previous cycles ATH of SWB:69K . The MIDPOINT now signifies that level and for me and on the HTF a potential Swing Fail Pattern (SFP) . If we do see a clear rejection off SWB:69K This could be the start of one of Bitcoins signature 30% Bullrun pullbacks to punish late longers and any unexperienced retail holders. This would see price drop to FWB:52K area.
Personally I think leverage flushes are going to be common place as they always are and we are due a routine pullback, A pre-halving pullback occurred in the previous halving, -20% before rallying post halving. If we assume history will repeat itself then that would see price fill the large wick at GETTEX:59K from the previous flush, entirely possible in my opinion.
As for the bulls, the ETF'S have been buying up any sellside pressure since the beginning of the calendar year and with the halving only ~30 days away it's hard to see Bitcoins price being allowed to fall as what is essentially a land grab is going on, there are simply too many buyers.
The Nvidia AI conference begins today! Monday until Thursday and the crypto space is anticipating volatility to come from this event. Projects such as RNDR, FET, NEAR and other AI & DePIN tokens are expected to be impacted the most. The question is always going to be is this a sell the news event? The AI space has rallied significantly in the previous months however I would say that company with a valuation of $2.2T, (roughly 50% more than the entire market cap of Bitcoin) , bringing attention to these crypto projects and at least making the link between the two is a positive for the industry and can only bring more attention and money to the space.
Tezos (XTZUSDT) Emerges as a Cold Crypto Wallet ContenderThe world of Cold Crypto Wallets is abuzz with excitement, and the spotlight is now on Tezos (XTZUSDT). Following the footsteps of SafePal's promising potential, Tezos takes center stage with a super bullish price action that demands attention.
Zooming into the specifics, let's delve into XTZ's long-term chart, where a fascinating transformation unfolds. The supply zone undergoes a metamorphosis, seamlessly transitioning into a demand area near the psychological milestone of $1. Tezos price pays its respects to this demand area in recent weeks, all while gracefully maneuvering within the confines of an ascending channel.
Over the next month or two, anticipation builds as XTZUSDT sets its sights on the $1.33 supply area—a pivotal destination aligned with the 161.8% Fibonacci retracement level. Therefore, we can expect a potential 40% price surge, a significant feat considering the sluggish altcoin market we've witnessed in recent months.
AVAX Breaks Resistance. 6% Pump to weekly level Incoming.Local trendline has been broken. #Avalanche has also reclaimed the daily level.
The weekly level above is the target as long as we don't get rejected from the trendline above.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Where does the SFP go?We see ascending price action structures on the chart.
After bullish CH, it has continuously created HH and HL and has continuously broken the minor dynamic resistances.
We have had three resistance order blocks, all of which have been mitigated.
In my opinion, the place marked with two red lines and marked "strong ob" is where we should look for sell/short positions.
Ispecified the invalidation level that closing a 4-hour candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SFP/USDT Ascending Channel Promises Bullish Movement? 👀 🚀 💎 Paradisers, turn your attention to SFPUSDT as it presents an exciting trading opportunity. Currently following an ascending channel trajectory, there's a high likelihood of an upward movement.
💎 #SFP has been consistently adhering to an ascending channel pattern for some time. As of now, it's trading within a demand zone, aligning with the channel's trajectory, thereby suggesting a considerable chance for a bullish movement. With its sustained upward momentum, SFP aims to target supply levels at $.7729, and may even push further to challenge higher supply levels at $.8591.
💎 While newcomers might be tempted to make panic entries, wise Paradisers understand the importance of timing in this scenario. It’s critical to identify the most advantageous entry points during this anticipated rise, while also exercising caution to avoid entering at the market's peak.
💎 Additionally, be prepared for a potential bullish rebound from the demand level of $.6114 if #Safepal struggles to maintain its upward momentum. A fall below this level, however, could signal potential challenges to the continuation of the bullish trend.
💎 In this dynamic and evolving market environment, strategic foresight and skilled decision-making are essential. Developing a comprehensive trading strategy, which includes prudent money management and a thorough understanding of support and resistance levels, is key to achieving successful trading results. 🌴💰
SFP/USDT Process for retesting phase area before continue UP!!!💎 SFP has notably captured market attention, having recently broken through a key resistance area. Currently, it is approaching a retesting phase at a level that was previously acting as resistance. For SFP to sustain its upward trajectory, a strong bounce during this retesting phase is essential, probability setting it on course towards our identified strong resistance area.
💎 However, should SFP struggle to uphold the support level during retesting, indicating a false breakout, it could lead to a regression back to the demand area, specifically around the $0.62 mark.
💎 The $0.62 demand area becomes critical at this juncture. For SFP to resume its upward journey, a robust rebound from this level is required, aiming to reclaim and sustain above the resistance level. Conversely, if SFP breaks below this demand level, it indicates a potential for further downward movement, possibly directing it back towards a stronger support area.
SFP/USDT what next? 👀 SFP Today Analysis💎 Paradisers SFPUSDT as it showcases intriguing dynamics, currently positioned within a demand zone and hinting at potential outcomes.
💎 A look back reveals that after a decisive break from its channel, SafePal embarked on a significant bullish ascent. However, upon encountering resistance from the upper supply, it retraced into a bearish path. Presently, as it navigates the demand zone, we're presented with two likely scenarios:
💎 Firstly, it might harness bullish energy from the 0.5930 demand zone, aiming to challenge the supply zone once more. Alternatively, should it descend below this demand zone, we anticipate a journey towards the 0.5522 support level.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
🔥Trust Wallet Token Breaks An Important TrendlineTrust Wallet Trust fell by -74% from it's highs at $2.74. Most of retailers are wiped out.
Now it breaks the trendline and going to the closest resistance at $1.06-1.11. The next 2 possible targets at $1.37 and 2.34.
These targets can be reached but we need the growth Bitcoin above $29,400 and continuation of the growth. The altcoins will show the huge growth only in this case, so manage your risks!
Trust Wallet Trust announced Trust Wallet v2.0 at the time when I am writing this idea. So the pullback is possible but not required.
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