SFP/USDT Break Alert! Bullish Momentum Continue Upward Movement?💎 SFP has undeniably piqued our interest, having triumphed in breaching the local resistance level and currently navigating within an ascending channel pattern.
💎 At this juncture, SFP is in a phase of reevaluation, seeking solid confirmation in the form of a bullish rejection candle to signify a bounce back and the continuation of its upward trajectory. Should this occur, we anticipate a substantial rise for SFP, targeting the upcoming wick resistance followed by a formidable supply zone.
💎 However, this optimistic scenario would be nullified if SFP were to demonstrate a false breakout, characterized by a candle closing below the recently surmounted resistance. Such an event would likely herald a shift in momentum, potentially driving SFP down towards a robust support level or even further to a significant demand zone.
Sfp
SFP/USDT Break the Bullish Pattern. Potential Continue the trend💎 SFP has piqued our interest with its notable trends. Having broken out of a bullish continuation pattern, SFP is currently in a retesting phase and seems poised for further upward momentum.
💎 For a smoother ascent to the Bearish OB and Strong Supply zones, SFP needs to surpass the daily resistance and maintain a position above it.
💎 However, if SFP experiences a false breakout and breaches the robust support zone, there's a substantial likelihood it could descend to the Strong Support area.
SFP BUY/LONG SETUP (4H TF)Hi, I hope you are always profitable.
A situation has been created where a buy/long position can be opened on sfp with low risk. I specified the buy zone, invalidation level and tp and everything is clear.
Pay attention that we are only allowed to enter the nuy/long position on the green zone
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
SOLANA LONG TERM (1D)Solana is in the news of late due to the worry that FTX will have to sell their holdings in SOL and Solana based altcoins.
Solana tokens account for $128m out of the $1.5b in assets on the Solana network held by FTX. The fear is that a dump of these coins would be detrimental to the altcoins price.
For me the chart is simple. When we look at the 1D chart there is a clear mini range we're working with. Large wicks at the high and low of the range, at the midpoint there is a small bearish FVG just above. I believe this is where we will trade for the remainder of this year.
Now that we're at the 0.25 line and looking to react off it, I could see a retest of the midpoint, and if a SFP after tagging the FVG I would look to target the demand zone for a long term hold.
For the next bullrun Solana is definitely a large cap alt that is set up to be one of the top gainers. With an ATH of $260, we are already at a great long term hold entry point. However, the best spot buy is in the demand zone. A sweep and reclaim would be great for the bull run to come.
The supply zone may be difficult to fill in the next few months, given the FTX news, general market/macro sentiment and recession fears. I would expect a retest to come in Q1 of 2024. If we don't tag the demand zone and move into the supply zone that would be a good short opportunity in my mind.
Overall, this is a complicated matter. The token itself has huge potential to reach its ATH in the coming years, but Solana must weather this storm successfully in order to get the chance to reach its potential. Buying blood and being patient will be rewarding.
EUR/USD Scalp IdeaPay close attention!
This is the Last 7 Days (Trading Days ofc) !
I drew the London Session's Low , You see Every time we Hunted the London Low in NY Session and Reclaimed it, So We had a Scalp Chance to Long at London Low and Take Profit after 24 hours.
the only day that we didn't reclaim London Low, it was Thursday and the price was effected by the news.
Thursday's News:
🕯USD: Core PPI m/m
🕯USD: Core Retail Sales m/m
🕯USD: PPI m/m
🕯USD: Retail Sales m/m
🕯USD: Unemployment Claims
Do you Think we Should keep using this Pattern for the next couple days?
How we can improve our Stop and TP?
SafePal Signals a Bullish Rally..?!! 🚀SFP Today Analysis💎Over the past few days, SFPUSDT has been crafting a descending channel. A recent breakout from this descending channel suggests a potential shift in market sentiment.
💎Currently, it is trading above the 50-day Exponential Moving Average (EMA), which also confirmed the bullish scenario. Trading above this moving average indicates strength and positive momentum for SFP.
💎The presence of high demand in the market is anticipated to significantly contribute to a bullish run.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
SFP ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the SFP symbol.
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
29.5K PIVOT POINT After many days of sideways choppiness between 29 & 29.5K. The pattern was broke sending us into that FVG I have mentioned in previous posts with a target of 26.5K. However, having dropped down to 28.5k and back up to 30k in 11 hours some volatility has been reintroduced into the market in the short term.
I have mapped out a mini range that I am observing, the 29.5K pivot is still the controlling factor in my mind. Now that price has deviated above and is now back in range printing a SFP, in addition to a bullish orderblock that is providing a reaction as the time of writing this post. I still think we have some downside to come should this reaction now clear the pivot point of 29.5K
Because of this, I am still confident that reaching the 26.5k target is possible. Regaining 29.5k confidently and proof that it is now support would make me reconsider this strategy.
Long BTC50/50 SFP on LTF range low target range high/equal highs confluent with previous HTF range low. invalidation close below 4H-SFP. Im looking to see how it reacts around previous range if we get a break back into june range low this could be huge if not then this is just a bearish retest and we go lower.
CPI (June)CPI YoY:
Forecast: 3.1%
Previous: 4.0%
Actual: ?
With CPI on the very near horizon, here are my thoughts on what Bitcoin could do in terms of price action:
Bullish scenario - We all know that CPI tends to be a volatile event with aggressive whipsaws in price in both directions irrespective of the outcome. Therefore there is an opportunity to capitalise on the frantic LTF price action.
For the bulls A good place to enter is the local range low if we see a reclaim after a demand zone sweep. I think this is fairly likely and ideally we see price move to the downside first upon the data release as in general, THE FIRST MOVE IS THE WRONG MOVE... following this initial move to the downside a reclaim would be primed for local highs in my opinion. If there is no reclaim then unfortunately there really isn't much support on the way down as BTC would seek to fill the FVG at 27K. A reaction off this level will leave BTC in a good place to attack 32.5k, reinforced with the ETF narrative and decision coming not too far down the line.
Bearish scenario - As was suggested previously, the first move is wrong, therefore the second move is the true move and for the bears it's the opposite to the bulls. If we see price move to the upside upon data release, I would like to see a SFP of the local range highs before entering short with the range midpoint as first target, then range low, then FVG as final target. If that LTF range high holds after being broken, I would like to see a strong wick up into 32.5K resistance and a reaction off this level to the downside and supply liquidity has been taken. Any slow grind up into this level would have me concerned as to BTC printing a swing fail and not just blasting through after consolidating. If that does play out then I would re-evaluate and stay in cash while doing so.
Reminder: First move is the wrong move.
CPI is usually very volatile and therefor risky. It's easy to FOMO into random positions as a gamble, the market usually wins in those positions.
10/07/23 Weekly outlookLast weeks high: $ 31542.8
Last weeks low: $30610.1
Midpoint: $29677.4
Previous weeks price action tells an interesting tale. Beginning the week precisely on the midpoint of the week and ending on the 0.25 line.
The choppiness from last week follows a similar pattern to weeks previous, the target for the bulls of 32.5k and above is still in sight. Last weeks new local high of 31.5k took out the previous local high but has now printed a swing fail pattern (SFP).
With CPI on Wednesday this could be a high volatility event to get to that 32.5k wick and take liquidity in the supply zone. Just an idea.
As of now there is quite a large FVG at around 27k and this should be the bears target. I think this has an equal chance of happening as the 32.5k, however, losing 29.1k and acceptance below that level will increase the possibility of that happening and the added confluence would prompt me to look to go long around that 27k level. We will see once we get there.
Good luck to everyone this week!
SFPUSDTHello Crypto Lovers, This is a 4H frame analysis for SFPUSDT As you can see, the price is in a downward trend and is fluctuating. We can consider a bullish pattern, but if it can establish itself above its resistance line and move above it, it can start to move towards its own resistance lines. However, if its support line is broken, it can start to move towards its second support line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
SFPBUSD - Make or Break Triangle Pattern about to burstI've been following this asset since March '22 and it followed the downtrend pretty strongly until it entered into a massive ranging mode. Even though the whole market was moving a lot, this coin continued to play under this strong range.
Right now, I've managed to see a triangle formation which I believe it's crucial to identify which way price might go next. We either get a breakdown which signifies a downtrend continuation or we continue to play in the range and it's time the bulls take over temporarily.
If we get a breakdown this would be potential profit target zone:
0.2579 - 0.2899
Since it's a ranging market it could just go either way and could be hard to predict. Manage risk accordingly. Happy Trading! ♥
SafePal (SFP) formed bullish BAT for upto 14.50% pumpHi dear friends, hope you are well and welcome to the new update on SafePal (SFP) token with US Dollar pair.
Previously we caught a nice trade of SFP as below:
Now on a 4-hr time frame, SFP has formed a bullish BAT move for another 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.
SFP/USDT - SafePal: Golden_Cross◳◱ We've detected a Golden Cross pattern on the SET:SFP / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. We may consider buying at the current price zone at 0.4756. The next resistance key levels are at 0.4825 | 0.5292 | 0.6481 and the major support zones are respectively at 0.3636 | 0.2914 | 0.1725.
◰◲ General info :
▣ Name: SafePal
▣ Rank: 161
▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc
▣ Category/Sector: Infrastructure - Wallet
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.4756 ₮
▣ 24HVol: 16,405,027.469 ₮
▣ 24H Chng: 16.597%
▣ 7-Days Chng: 32.89%
▣ 1-Month Chng: 17.59%
▣ 3-Months Chng: 9.56%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.4825 | 0.5292 | 0.6481
◢ Support: 0.3636 | 0.2914 | 0.1725
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.27
▣ Last 90D: -0.34
▣ Last 1-Y: 0.79
▣ Last 3-Y: 0.75
◲◰ Volatility :
▣ Last 30D: 0.69
▣ Last 90D: 0.61
▣ Last 1-Y: 1.12
▣ Last 3-Y: 2.37
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth SFPUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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