SFP Uptrend Chart for 11.02.21My first ever published chart. I`ve been monitoring SPF for the last 3 days since launch - and it looks like 2,6 is the price floor before were going back up aiming for 5,18 USD.
SFPUSDT
SFPUSDT BuyHello Traders!
SFPUSDT is a new currency that is released this week for Public trading.
It gave the unexpected move to 4.5 and now it's in corrective Formation and it still has the potential to break the previous high.
SFPUSDT (SFP) - UPTREND CONTINUATION ANALYSIS 🔎
- SFPUSDT retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement was bounded in a falling wedge pattern.
- This is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance and is currently retesting the falling wedge's resistance.
- Possible uptrend continuation.
BUY ENTRY ⬆️
- Current market price (now).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the swing low horizontal support level (S1) and ascending channel support.
I am bullish on $SFP! Kinda biased but I have a feeling that this pump is not yet over!
Sellers are kinda getting tired here...
