Sperax SPA Coin Analysis!Hi, guys
So Sperax has been consolidating for a while, but finally it has started to move. But before it can go up, it has cross those resistance zones.
SPA
Video Explanation of SPA Low Marketcap, Very Bullish OverallWith a Previous high of $0.20 in a Bear Market This Coin being a Penny is pretty significant. We've been forming a support line that's been relevant for at least 18 months.
Zooming in the Support Line was tapped 4 Times and looks like it has no intention on coming back. ADX is high looking as if it's going to continue going as such. MACD Still looks bullish as can be.
This is a wonderful project i believe there's a lot of faith in.
Let me Show you something interesting about SPA is it's recently been coming up on our market sifter and Breakout finder on the BTC Pair
Tracking Tech Market Sifter,
📈 *Name*: Sperax
🔖 *Symbol*: SPA
💲 *Price*: $0.011076170319746786
📉 *24h Change*: -9.79%
📊 *7d Change*: -17.16%
💰 *Market Cap*: $18_737_070.61
🔄 *24h Volume*: $13_850_112.77
🏷️ *Tags*: alameda-research-portfolio, arbitrum-ecosytem, dwf-labs-portfolio
Do Your Own Research as Always
SPA Healthy correction After 300% Breakout, Continuing Bullrun The ADX is 12 and obviously Bottoming Out.
The MACD is hovering below the signal line waiting to Make a Move.
We Broke out ran 300% to have a health pullback and run 100% again
This is a low marketcap token with a lot of potential and even has a 3x margin available on kucoin.
Don't miss this banger!
📈 *Name*: Sperax
🔖 *Symbol*: SPA
💲 *Price*: $0.011076170319746786
📉 *24h Change*: -9.79%
📊 *7d Change*: -17.16%
💰 *Market Cap*: $18737070.61
🔄 *24h Volume*: $13850112.77
🏷️ *Tags*: alameda-research-portfolio, arbitrum-ecosytem, dwf-labs-portfolio
Symmetrical Triangle, .38 Fib Bounce. Continuing Bullish Run We have an ADX that is postive 34 and uptrending suggesting trend follow tatics work best.
We can see that we've ran 300% and traced back down to a healthy .38 fib line which is expected after such a burst. This is a low marketcap coin with a lot of potential. We're proud to give it to you!
Do Not Miss This Token (SPA) an Easy 20XThe volume here says it all where it bottomed out and buying support came rushing in
We stayed bottoming on this support lined almost 2 years. We recently bounce off the support and crossed and closed above the 50-period moving average.
MACD Is above the Signal Live
Our Algorithm Gave the Signal Below This Morning (02/07/2024)
As always do your own research!
🔎 *Symbol*: `SPA/USDT`
📈 *Signal*: `Long`
💲 *Current Price*: `0.010087`
🛑 *Stop-Loss*: `0.0033446400000000007`
💰 *Market Cap*: `17192780.53204348`
🚪 *Entry Prices*:
📥 Entry Price 1: `0.007715359999999999`
📥 Entry Price 2: `0.00906732`
📥 Entry Price 3: `0.010159999999999999`
📥 Entry Price 4: `0.01125268`
🏁 *Exit Prices*:
📤 Exit Price 1: `0.018327319999999998`
📤 Exit Price 2: `0.02051268`
📤 Exit Price 3: `0.02405`
📤 Exit Price 4: `0.02758732`
SPA sperax price prediction 2023Price prediction based on confluence and BTC staying above 200W-MA
0.036c
Confluence 1.618 fib extension
Pattern extension meets 1.618 fib extension
Fib retrace from ATH to 0.886 gives 0.03c also keeping an eye on this price for reaction
SPAUSDT - Initial LONGOne alt that hasn't popped yet. Nice little breakout from the falling wedge and backtest. Initial targets 0.5, 0.55, 0.62 (don't quote me on them).
EZ Short - 0.01 TargetStop loss= 0.0247
Take profit = 0.010
ALL indicators clearly say im(SPA) over bought and the pumping group are selling by liquidating the SHORT positions
SPAUSDT targeting 0.4500 on a Cup & Handle pattern!SPA has been one of the best performing crypto of the year, being supported on its 1D MA50 (blue trend-line) since December 23. The most important development is that it has now broken above the handle of the Cup and Handle (C&H) pattern of late January. The previous C&H pattern, when it broke above its handle, it reached its 2.0 Fibonacci extension before pulling back on profit taking. The current 2.0 Fib extension is at 0.4500.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
S&P Analysis As the markets broke back out above resistance the price action is still with the bull side. However, there is a negative divergence starting to form on the MACD. Unless we get more volume to come in and have a strong push to the upside, the markets could be foreshadowing a bumpy ride. But as always it is best to be prepared and be reactive instead of predicting what the markets will do.
