Safepal
SFPUSDT (SAFEPAL) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SFPUSDT is printing a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price is testing the key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
SAFEPALSAFEPAL is a new Hardware Wallet partner with Binance.
SFP is short for SafePal Token, a utility token that fuels the entire SafePal ecosystem.
SFP is a decentralized digital asset based on the Binance Smart Chain, with a limited total supply of 500,000,000, issued by SafePal.
it's too young to make an accurate analyse so for now we could try a scalp on this new project. Don't forget to check BTC King as price Driver!.
Buy Zones :
- Buy now ( Not all your invest )
- Rebuy 2.5$
Sell Zones :
- TP1 : 3.19$
- TP2 : 4.40$
STOP LOSS : 1.95$
Happy Tr4Ding !
🆓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"
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).
SafePal S1Introducing the first crypto hardware wallet backed by Binance.
• App downloads: 406,900+.
• Total wallet accounts: 537,100+.
• Supported assets: 20 blockchains, 10,000+ tokens.
• Supported dApps: All dApps issued on Ethereum, Binance Smart Chain and Tron network.
(Source - Binance)
This is early days for SafePal's native utility token SFP, released only a few days ago there is a huge potential for growth.
Currently Ranked #220 on coinmarketcap with a marketcap of $306,450,949 and a max supply of 500,000,000.
- Breadcharts
Target 5.60
Optimistic continuation regarding the SAFEPAL scenario! SFP M15Technical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 15 minutes movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
End of correction and welcome impulsive wave!? SAFEPAL M15Technical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 15 minutes movement.
Price found support along with 89 period EMA. Convergence with the RSI exceeding the neutral line * being positive and the price moving in an inverse way, with descending tops ~ divergence.
MACD losing selling pressure. Could it be the end of that correction !? Well, in the Technical context, we may be facing a new impulsive wave. Who knows!?
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
SAFEPAL 1H in flag formation! Defined objectiveTechnical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 1 hour movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Optimistic analysis before the SFP scenario! Price projectionTechnical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 30 minutes movement.
Price comes in with a very sharp drop and is losing its selling strength/pressure.
On February 11th, strong buyer demand drove the price exponentially, closing always above!
I strongly believe in the potential of this crypto for the next scenarios, be it in the medium and/or long term.
RSI> 45 gaining strength. 34 period EMA driving crypto price.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***