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SFPUSDT

SFP/USDT - Buy, Hold, Gains! Short/Mid-Term Breakout.Hello Traders, We have a newer coin that was recently added to Binance. As well as some new pairs added to Binance, BTC & USDT. Positive news about the company behind their two hardware wallet designs. Their App is pretty decent which is connected to the hardware wallets, I think after fixing some of the customer issues that have been left in the reviews for the company, they will soon be a leading crypto wallet. Technicals: We are seeing a consolidation channel that has been forming over the last week. Rising oscillators with the price trending downwards is setting up for a nice divergence to the upside. TP: 1) Recent ATH’s. 2) Break above ATH’s take at the fib 1.618. Good luck!
Long
by MarkStPeter
4
SFP about to make a move and upside is more likely.Hey guys, SFP/USDT is a new pair started to trade on Binance on Feb 8. So, it is a new pair with a very short price history which means that the upside potential is a lot higher compared to those alt coins with previous all-time-highs. SFP is consolidating in an up trending channel after selling around 45% from its local top. Actually, this is a very typical move for alt coins launched during the bitcoin bull market. What generally happens is that the coin breaks out to the upside after making a local top and consolidating. The bollinger bands are getting closer which implies a breakout can occur soon. The volume is around 1m per 4h bar and has been around these levels for a while now. These indicate that the sellers are exhausted. My first price target is $6 and who knows how high this can go... One more thing if you are thinking holding the coin for longer. To my very brief research, the company has products on sale which is good. It is launched on Binance Launch pool (if I remember correctly) which means that this company passed various Binance quality checks. Moreover, products allow you to swap tokens in your wallet on PancakeSwap which is convenient. There are other features that makes SafePal wallets attractive, but as I said I didn't do an extensive research. Remember that this is a technical analysis and definitely NOT a trade advice. Let me know what you think. Have a great day!
Long
by TableLamp
1
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
Long
by TheKoalaMan
9
🆓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"
Long
by CryptoStation
6
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).
Long
by Chibuike_Odoh
2