SFPUSDT trade ideas
SFP - Going Parabolic!SFP has been showing us a beautiful parabolic curve which in theory should have an explosive breakout.
The best place to look for buying opportunities would be the bounce off the support. A confirmation of the bullish parabolic breakout would be after the break of the parabolic curve.
SFP/USDT FALLING WEDGE + BULLISH DIVERGENCESFP created a nice falling wedge and we can see a bullish divergence, it is trying to break the trendline and price is holding on the key level, if we see momentum I think it can create a beutiful breakout. I will always use a SL not bigger than 3% and always protected by trendlines, key levels or EMAs. I aim for a 20% rise on this coin protecting my capital by selling by parts. Trade safely guys!
💥SFPUSDT - TO FALL BY 30% TO $1.71 & RISE BY 100% TO $3.41Please support this idea with a LIKE👍 if you find it useful🥳
Right here is SFP chart on a daily Timeframe. As seen on this chart, we have a descending triangle breakout at $1.1850.
Price rejected a resistance at $3.150 and it's on it's way back to the support zone at $1.710.
Therefore I expect a bounce back at $1.71 as it was a resistance that will turn to support and a right shoulder pattern for the inverted head and shoulder.
Then I expect price to rise from $1.71 by 100% to $3.410.
What do you think?
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Bearish Shark PatternBearish Shark Pattern or Cypher but still waiting For C point
1- Looking to Long C point with leverage down till 1.5 $ if price go lower ( Accumulating Spot only no leverage )
2- Wait the pump near 2.35 $ if 1.6$ is the C point with TP here and keep holding potion of the long.
3- Looking to hedge short near the D point once we identify the C point.
SFP/USDT { SAFEPAL } - BULLISH SETUPANALYSIS 🔎
- SFP/USDT was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price then hit a swing high (@3.1650) and retraced.
- Price is retesting the horizontal support level, key fibonacci retracement zone (0.618 - 0.702 - 0.786) and descending trendline resistance.
- There's a relatively high concentration of buyers at this zone.
- We could see an uptrend continuation from this zone.
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@2.1945).
- Horizontal resistance level (@3.1650).
- Horizontal resistance level (@4.4500).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@1.3166).
🆓SafePal (SFP) Oct-22 #SFP $SFPSFP is having a strong correction after a strong rise in mid-October. The $1.7 zone is being the support at the moment and the SFP could rally to $2 and $2.4 in the next few days. But if it continues to lose the 1.7$ zone, it will continue to fall back to the 1.5$ and 1.3$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.7$ zone
🔴Buy : 1.7
🔴Sell : 2 - 2.4
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.7$ zone
🔵Sell : 1.7
🔵Buy : 1.5 - 1.3
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
secure and protected -( SFP/USDT Analysis )📉📈Market Cap:$189,045,032
Circulating Supply:108,166,667.00 SFP ( 22%)
Max Supply:500,000,000
✅What Is SafePal (SFP)✴️?
SafePal is a cryptocurrency wallet launched in 2018 that helps users to protect and grow their digital assets. SafePal provides hardware and software wallets, all paired and managed through the SafePal App and was the first hardware wallet invested in and backed by Binance.
SafePal wallet supports numerous popular crypto-assets, in addition to popular tokens on the Ethereum , Binance Smart Chain ( BSC ) and TRON blockchains. Users can store, manage, swap, trade and grow their portfolio without compromising asset security, according to SafePal.
Since its launch in 2018, SafePal has grown exponentially and has over 80,000 users in 87 countries globally.
coinmarketcap-www.safepal. io
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📉📈TECHNICAL ANALYSIS
As you can see in the weekly time frame for SFP/USDT, the price is trading around 1.74 $ right now.
In the previous two candlesticks , it was able to grow up more than 200% by breaking the dynamic resistance (Red descending trendline) with a strong sharp move, but it faced to the local resistance about $ 3,then by price retracement reached to the local support (50% Fibonacci level).
Now it maybe face demand again and move up to the red resistance zone , and if it breaks it up , it can achieve its goals. But if the BTC price descend more than 10% , it can go down to lower green box support .
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tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards
Huge pump, but retrace is coming at any moment.Volume is getting lower and there is bearish hidden divergence on RSI, and RSI is over 80 , that is not good at this moment.
Could be a retrace to lower fib levels. Im aiming a short at 2.02 or 2.1
Not financial advice. Just an idea. Be careful at this point. Dont fomo in and do your own research.
SFP LONG TRADE 20211017Waiting
Fuchsia -> Blue or Green
OR
Break Through 2.055
T1: 3
SP: 1.91
SFP , SFPUSD , SFPUSDT ,SFPUSDTP,CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.