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SFPBUSD

SFPBUSD - Make or Break Triangle Pattern about to burstI've been following this asset since March '22 and it followed the downtrend pretty strongly until it entered into a massive ranging mode. Even though the whole market was moving a lot, this coin continued to play under this strong range. Right now, I've managed to see a triangle formation which I believe it's crucial to identify which way price might go next. We either get a breakdown which signifies a downtrend continuation or we continue to play in the range and it's time the bulls take over temporarily. If we get a breakdown this would be potential profit target zone: 0.2579 - 0.2899 Since it's a ranging market it could just go either way and could be hard to predict. Manage risk accordingly. Happy Trading! ♥
S
by KinaStar
Sfp detailed analysis Sfp will go down to Big Red trend line. (Reason : Sfp breakdowns the small red trendline.) If two 4hrs candle closed below the big red line then price will keep going downward. (Reason: Big triangle breakdown will happen) But if Sfp doesn’t break it then price will go upto small green line ( Reason: to complete inverse head n shoulder) If price breaks this head n shoulder, then price will go up to big green line. If price breaks it too then only up up up. ( Reason: Big triangle breakout)
Short
by shaiq_srtraders
1
💡Don't miss the great buy opportunity in SFPUSD @iSafePalTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.035). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . SFPUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 63. Take Profits: TP1= @ 1.1720 TP2= @ 1.2830 TP3= @ 1.4085 TP4= @ 1.5755 TP5= @ 1.8420 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4