SafePal (SFP) uptrend channel continuesSFP is trading in an uptrend channel and now at the support zone. SafePal is a Binance backed project and the team is working hard on developments and partnerships of the project. There is a lot of positive news coming in the next few weeks for SFP. If you missed SFP earlier you can add some now and hold.
Buy Zone: $2.5 - $2.55
Target: $2.84 - $3.15 - $3.45 - $3.8 - $4.3 - $4.75 - $5.25 - $5.8 - $6.4 - $6.95 - $7.5
SFPUSD
SFP maybe to 1.88 but mostly to 3.40 SFP currently trading at $2.60
If price sustained above $2.70 then My target will be $3.20 - 3.40
Otherwise ready for $1.88
So BTC-fire Levels:-
Above $2.70 = $3.20 then 3.40
Low $2.70 = $1.88
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Long Hi guys, I'm back after getting sick with the disease that affected me globally.
I lost my savings in a futures trade :D, but everything is ok now I got my money back.
Well SFP has almost a 60% drop
A few days ago I was reading about black swans in the market.
Consider that a 30% drop in an asset is a good entry opportunity.
From the highest price of SFP it has a 60% retracement and it is very beautiful and I hope to buy more SFP tomorrow, personally I saw everything at $3 USD.
This operation should be considered until the end of May.
Remember that my analysis is more fundamental and I use a lot of the Wyckoff method and I am more guided by human action.
The party is not over.
SFP ready for another rally SFP is now at the support zone. Those missed earlier can add some SFP here. SFP is the native token of the SafePal wallet. SafePal builds hardware wallets and seed boards. SafePal also held Wallet Holder Offering (WHO) exclusive for SFP holders or Safewallet hardware wallet owners. SFP has a good coin for the mid-term.
Buy Zone: $2.9 - $3
Target: $3.35 - $3.65 - $3.95 - $4.3 - $4.75 - $5.2 - $5.85 - $6.35 - $6.9 - $7.4 - $7.9 - $8.5
SafePal (SFP) ready for moon ridesSafePal is a very strong project and launched via Binance Launchpad. SFP is forming an ascending triangle and we expect it will break out soon. SafePal has very strong fundamentals and this is a good time to build a position in SFP.
Buy Zone: $1.9 - $2.01
Target: $2.2 - $2.55 - $2.84 - $3.05 - $3.25 - $3.55 - $3.85 - $4.2
SFPUSDT (SAFEPAL) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SFPUSDT is printing a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price is testing the key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
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