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Safex

SAFEX MA Congestion + Bullish CrossBITTREX:SAFEXBTC is experiencing some moving average congestion and about to make a move. The direction is not clear considering BTC's current rally but technicals suggest bullish. As long as price remains above the middle band and crosses above resistance at 115, SAFEX will have room to fly. In addition, it appear to have just completed the 5th wave major wave in its previous downtrend and may only be stagnating at this price because of current market condition. This is mid to long term hold but a tight stop is still advised. Entry: <110 TP1: 125 TP2: 150 TP3: 200 Target: 350
SLong
by myceliium
line in the sand - just to be on the safeEX sideI'm overall optimistic on SAFEX and only post this as a caution to myself. On one hand, on daily and sub-daily time frame SAFEX seems to be bottoming, or at least getting ready for another bounce, as many fellow tradingview members have illustrated much better in their charts than I ever could (see link). Also, I do think that SAFEX is a project with enormous potential and value. However, on a weekly chart, the distance from the lower kumo support is something that concerns me. Yes, the red-line support defined by the flat red kumo seems solid, might hold (fingers crossed) and the price could go higher from here, but... I've also seen many otherwise promising alts retrace almost all of their spring 2017 bull-run, almost to where they started. On one hand, it would be a great opp to pick up a lot more SAFEX at great prices, on the other hand, it could be quite painful.
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by adamicius
Safex will Skyrocket very very soon - 5x short term.Safex will Skyrocket very very soon. This downtrend was expected after that pump to 236 earlier today since there was a sell wall set there by a big player and people are just going with the flow for now. This is the best time to buy because think about it....how low can it go now? It's at 196 sats now....when it skyrockets, you'll get several times more. 3x, 4x short term for sure and 10x long term easily considering how much this coin is undervalued at the moment. As always....don't put all your eggs in 1 basket and do your own research, but I'd be a fool to not invest in a coin where like I said before there isn't much to lose when the coin is at such a low cost because it can't go low enough for you to lose anything, but when it goes up, which it definitely will, the profits would be HUGE, depending on how much you invest... Remember just 2 months ago on 08/05 - it safex was at 932 sats, so even it doesn't go pass that in the short term, it's still almost 5x return if buy early. In my opinion, any buy under 400 sats is very cheap, but this right now is dirt cheap and depending on how much you invest..the more you gain. It's extremely rare to find an undervalued coin like this...remember for example, if you buy $2000 worth of Safex at 196 and even if it goes down to 180...you don't lose much if you sell, but why would you? Fearing it will go down further? how much lower can it go? Just hold and reap your 5x profits because a coin like this will definitely hit 1000 sats very soon. Again...if you think it's going to go lower and wait to buy, think about it...how much more do you think it will go down? and when it skyrockets to 1000 sats soon, you would have missed out on 5x profits. Once it reaches 1000 sats, it might correct as it goes up and maybe on its way but I reiterate...this is the right time to buy....for maximum profit and more importantly...minimal loss. There's also many rumors that several big investors are looking at Safex. Even if these rumors are proven to be not true, remember 'buy the rumor, sell the news', so it's going to go up anyways soon. Buy it now when its cheap since it will almost never be this cheap again. As always, like every other trader says, I advise you to do your own research, but more than research, my analysis here is just based on common sense and practicality. No China news or JP Morgan news can affect a coin negatively when it's so cheap and rarely in crypto will you have a coin where you don't have to do any major technical analysis to see you can make a safe (pun intended) investment and get maximum profit both in the short run and in the long run and if you don't think this coin will do good in the long run, you can always at least make HUGE short term profits.
SLong
by cryptosavant
3
SAFEX/BTC AnalysisDone a bit of research on SAFEX and to be honest, I feel quite bullish on it. Constantly in accumulation (Hit a peak of 1 B // 1,000,000,000 Accumulation, currently sitting at just under 800 M // 800,000,000), constantly being bought out whenever it's on sale as well. Looking at the chaikin oscillator (Buys Vs Sells) we see that from the 17th of July to the 1st week of August, it had quite a bull run, and was being bought heavily. Now after the massive bull run, and correction, we see a trend that looks like history is about to repeat itself. I've outlined the trend with a rectangle, and it clearly has the same signals that it had before the first major bull run. The end of the chaikin oscillator is also showing positive signs and indicates that the buyers are slowly overtaking the sellers. Soon the sell supply and weak hands will diminish, leaving the hodlers, which will pump the price dramatically. To this day, I haven't seen a coin in more accumulation than SAFEX. A coin with 2 billion supply, and 1 billion of it already accumulated..... Now what would be a good time to buy? Anywhere between 200-250 is a great buy. Where do I see this coin going? For this next bull run, I see it peaking at 1,000 Satoshis and correcting to 250-350.
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by goneviralnetwork
8
SAFEX worth to take a closer look Based on recent price action I think it is good idea to consider buying some of them. We have 200 ema acting as strong support pushing pair towards north, triple bottom, GAP which may hold any drops and huge bullish candle on the Daily chart. I marked similar formation with Yellowish rectangle which may suggest similar price action in future I would set first TP around 750 or hold it for some time ans see what happens I think fundamentals are very positive for this pair too.
SLong
by Krystiannwk
1
($SAFEX) Safe Exchange Coin - The ReboundWe see SAFEXBTC about to hit the 8/1 Fan Uptrend Line, this is to be considered one of the lowest uptrend lines. We can see 0.00000925 being our all-time high. We can use the moving average ribbons to indicate we have been on a downtrend since that all-time high. Using the Fibonacci retracement starting from the pre-bullish trend on SAFEXBTC we can see that we have fallen through the 61.8% Retracement Line but should look at the 78.6% Retracement line as our support alongside the uptrend line as a rebound area. Bollinger Bands are also showing us a very tight compression which tells us the volatile area is over and we can look for more compressed movement before rebound. We can also see an increase in volume but should look for the buy volume to be kicked up and keep our attention focused on the volume at the same time. With this being mentioned we should look for a buy in from anywhere within 0.00000132 - 0.00000307. We should also look at the Fibonacci Retracement Percents as potential retracement areas on our way up to a potential target of 0.00000505-0.00000925/ Long
SLong
by mumbojam