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.
SFPUSDT
SafePal (SFP) formed bullish BAT | A good buy opportunityHi dear friends, hope you are well and welcome to the new update on SafePal (SFP) token.
Previosly we caught a nice pump of SFP, as below:
Now on a 2hr time frame, SFP has formed a bullish Gartley pattern with Bitcoin pair.
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 CAN DROP AGAINHello, dear traders. how are you ? Today we have a setup to SELL/SHORT 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
SafePal (SFP) formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new update on SafePal (SFP) token with US Dollar pair.
Our last successful trade of SFP was as below:
Now on a 4-hr time frame, SFP has formed a bullish Gartley move.
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
SafePal (SFP) forming bullish BAT for upto 28.50% pumpHi dear friends, hope you are well and welcome to the new update on SafePal (SFP) token with US Dollar pair.
Our last successful trade of SFP was as below:
Now on a 2-hr time frame, SFP has formed a bullish BAT pattern.
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 SHORT SELL IDEA hello traders .
my name is rukhshan and i belong to a trading firm by the name : Trading The Tides
.
this post includes a short sell idea on sfp which is not looking rally good to continue the trend ,
short selling starts from 0.64 and dca back to 0.68-0.7
short trade idea till 0.55
long targets till 0.3-0.27
see you guyz soon in profits .
Peace !
SFPUSDT(SafePal) Daily tf Range Updated till 14-11-22SFPUSDT (SafePal) Daily timeframe range. there is nothing much to it, its a simple chart. there are not much of retail interest or volume. lots of empty spaces within its range level. so not a safer choice for day traders. position or swing traders got options if they can handle the risk.
SFP head and shoulders #SFP/USDT
$SFP is inside symmetrical triangle and also shaped head and shoulders pattern that price is above the neckline.
🐻 breaking down from neck line can drop price to lower support zones and final target of H&S can be around $0.36.
🐮 holding the lower line of triangle as support can increase price to upper line and break out from upper line will increase price to upper resistance zones.
Safepal Analysis ;SFP/USDT Update 📈📉HEY, what's up today ?!
Since 18 Mar 2022, that I posted the last analysis for Safepal , after rising by more than 70% ,
it rejected again and lost the past pivot zone , then as a bull trap massively dropped ,and has
been declining till now!
So today as you see on the Weekly timeframe for SFB/USDT again , after a little consolidation phase around current support zone , now it is ready to have a jump over here, so in this case if it be able to overcome the pivot zon and then breakout the first descending trend line with a good volume as confirmation ,it can reach the higher resistance zones and likewise to see higher resistances but likely will be rejected at the higher resistance zone so we also think about both long then short position ! but otherwise if losses the current zone it can again see the lower support lvls!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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