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Sfp

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!
by ProR35
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
by MarsSignals
1
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! ♥
S
by KinaStar
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. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
BTC Daily Trade Idea In light of the new SEC/Binance news BTC fell off a cliff towards the midpoint of the 4H mini-range we have shown. In the middle of this range there's a bullish orderblock that I think could cap off the downside from this news. This is the first potential trade in my opinion after breaking lower and continuing the new downtrend. 2) The second potential trade is the reaction off the bullish OB and back up to the initial breaker, for me if we sweep liquidity of the supply zone and get back under, then we continue the downtrend and that leads to the third trade idea. Longing against the trend and news could be dangerous so this is quite risky. 3) The third and largest trade idea for BTC is the swing fail pattern confirming a downtrend and lack off confidence. That coupled with traditional markets such as the SPX & NASDAQ climbing higher but due a correction, I can see a retest of lower down, filling all the inefficiency and potentially marking the end of the bear market rally.
INDEX:BTCUSDShort
by ProR35
SafePal (SFP) Holding Strong at Key Support ZoneBINANCE:SFPUSDT appears to be showing strong support around the $0.4 zone, which has held steady for nearly 50 days. Additionally, the long-term uptrend trendline has provided a recent bounce, indicating positive momentum for #SafePal. Currently, the price appears to be consolidating within a range between $0.4 support and $0.52 resistance areas. With several bullish factors in play, there is a strong likelihood of the price moving towards the top of the range or even surpassing it. Traders looking to take advantage of this potential uptrend may consider long positions with appropriate risk management strategies in place, while monitoring key support and resistance levels for any signs of a trend reversal.
Long
by MyCryptoParadise
2 options for EURUSD Yesterday we saw an impulse decline in EURUSD. This means that the rise has no strength for now and it’s more likely to heading towards test of the low at 1,0900. Depending on weather we see breakout of the bottom or pullback , the next trades will be confirmed. There are conservative and aggressive options for entries. With the conservative one it’s necessary to wait for the development and enter into trade after confirming the direction. It could happen tomorrow after the news. On the aggressive side, a continuation of the impulse movement and a test of the bottom of 1.0900 is sought.
by ForexTrendline
2
Sfp detailed analysis Sfp will go down to Big Red trend line. (Reason : Sfp breakdowns the small red trendline.) If two 4hrs candle closed below the big red line then price will keep going downward. (Reason: Big triangle breakdown will happen) But if Sfp doesn’t break it then price will go upto small green line ( Reason: to complete inverse head n shoulder) If price breaks this head n shoulder, then price will go up to big green line. If price breaks it too then only up up up. ( Reason: Big triangle breakout)
Short
by shaiq_srtraders
1
SFP/USDT 1D. Basic trend. Local situation. Channel.In the basic trend of the coin a downtrend channel has formed. The price is now near the medium of that channel. In the secondary trend we have pumps from time to time. From the last pump a downtrendline has formed in the secondary trend. In was broke out and retested. Shown on the chart. From that breakout a symmetrical triangle started to form. The basis of it is 180%(666). The price locally is near the support of that symmetrical triangle. Locally it's in consolidation for more than a month with buy outs time to time. The nearest local target is the resistance of that triangle(near 40%). The more medium term target is about 180% which lays on the top of the basic trend channel(downward one), the top of the secondary trend up channel and it's also the target of the secondary downtrend(which was broken previously). With this coin also it's brother TWT might move, but the cap of the last one is slightly higher than the SFP. Also i guess it's worth to notice that there was a manipulation with the capitalization of SFP. It raised more than 3x, while the priced hasn't moved that much. You can check it on the coinmarketcap on the page SFP, by clicking market cap near the chart. With TWT, however there's no such thing happening, but there is abnormal capitalization from the start of the trading pair on binance(huge pump before listing). Time cycles also tell us that there's a pump possible closer to 14-16 april. I attached my ideas on ru language. It's on TWT and SFP.
BINANCE:SFPUSDLong
by TradingTsar