Official Wallet Of Binance!Safepal was the first hardware wallet invested in and backed by Binance.
Since its launch in 2018, SafePal has grown exponentially and has over 3,000,000 users in 196 countries globally.
Binance is the biggest crypto exchange by far.
Everyone has Binance account and Binance seems to be norm of crypto exchanges.
If crypto is here to stay and if people are going to use crypto wallets, chances are Safepal will be one of the most used wallet in crypto space.
Because it is backed by Binance. If you are using Binance, you can see Safepal as on option for wallets in Binance.
This means there is huge potential client base for Safepal. It could be Binance of wallets for cryptos.
60 cents seems to be the bottom for SFP and for the next cycle it is a good buy zone.
FEDs not so hawkish rate decision of yesterday made me think we dont need a stop loss if we are to buy for long term.
But if you want you can put a stop loss on 50-52 cent area.
Thanks.
Follow for more ideas and charts.
SFPUSDT trade ideas
SFP is warming up the engineI literally love this chart, that does not mean it will play out but this is beauty represented with technical analysis . We are approaching a key resistance area and looks like price wants to break it. If we have a breakout and a successful retest plus if Bitcoin rises more which I think it could due to the confirmation it has given us it could be a trade to leave open for a little longer. We can see price has ranged for over 60 days with a huge volume inside that range, we have seen it in the past how this trade could look like. //Literalmente amo este gráfico, eso no significa que vaya a funcionar, pero esto es belleza representada con análisis técnico. Nos acercamos a un área de resistencia clave y parece que el precio quiere romperla. Si tenemos una ruptura y una nueva prueba exitosa, más si Bitcoin sube más, lo que creo que podría ser debido a la confirmación que nos ha dado, podría ser una operación para dejar abierta por un poco más de tiempo. Podemos ver que el precio ha oscilado durante más de 60 días con un gran volumen dentro de ese rango, hemos visto en el pasado cómo podría ser esta operación.
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SFP is warming up the engine⚙️I literally love this chart, that does not mean it will play out but this is beauty represented with technical analysis. We are approaching a key resistance area and looks like price wants to break it. If we have a breakout and a successful retest plus if Bitcoin rises more which I think it could due to the confirmation it has given us it could be a trade to leave open for a little longer. We can see price has ranged for over 60 days with a huge volume inside that range, we have seen it in the past how this trade could look like. //Literalmente amo este gráfico, eso no significa que vaya a funcionar, pero esto es belleza representada con análisis técnico. Nos acercamos a un área de resistencia clave y parece que el precio quiere romperla. Si tenemos una ruptura y una nueva prueba exitosa, más si Bitcoin sube más, lo que creo que podría ser debido a la confirmación que nos ha dado, podría ser una operación para dejar abierta por un poco más de tiempo. Podemos ver que el precio ha oscilado durante más de 60 días con un gran volumen dentro de ese rango, hemos visto en el pasado cómo podría ser esta operación.
Update For SFP/USDT Analysis 📈📉Hello trader ,WHATS UP GUYS ?!
In the past analysis that I posted for SFP(Safepal), exactly according to my analysis, after reaching the local resistance zone , it declined and it wasn't able to rise more for higher targets 🎯
so now!
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📊Technical
As you can see on weekly timeframe for SFP/USDT ,it has been declining and went down below the descending trendline , and recently lost the previous support zone and reached to lower support level on the pivot zone , so today if SFB be able to stablize itself on this zone for at least 1 or 2 week with enough volume as confirmation ,it can start a uptrend movement and rise to higher resistance zone . so in order to achive higher targets at first it should break out both descending trendlines of channel and then attack to higher red resistance zone , otherwise if it lose this important current zone it can drop to lower support fibo levels and the bottom of channel .
🛑resistance level: $2.58 -$2.8/// $1.77- $1.97 descending trendline of channel
🆚pivot zone: $0.675- 0.8$
❇️support levels: $0.4082///$0.322///$0.2158
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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SFP BEARFLAGAttention, My signal is not 100% right, So
Dwyor and use your analysis before you join
my signal.
SFP good time to short or sell it.
Potential make a bear flag like the history yesterday
Why SFP can turn down?
1. Potential bearflag
2. There is resistance at 0.8
3. It can turn down below 0.5 with fibo