Sperax - Undervalued AF.Despite market chop, SPA is holding strong within a clean falling wedge formation. Im following on from my previous post after a bullish breakout. This move looks far from over. The price action is compressing, volume is thinning, and all signs point to a continuation move on the horizon.
SUPPORT @ 0.01067
SPAUSD trade ideas
SPA-Another bullish setup = 3 Take Profits plottedAfter we successfully completed a 100% retest correction for a max gain of 190% we are seeing another bullish swing pattern setting up.
We lost the respect at #3 wave point, it fell into a triangle wedge and squeezed down into an immediate ascending parallel price channel.
Today it has fallen out of line but looking like it's reversing back into the upward channel as it immediately finds its way back above to the 200MA.
Profit targets at
$0.027 (17% gain), $0.030 (30% gain), $0.037 (60% gain)
SPA - Bullish Double Bottom wave coming up = 52% gainSPA is setting up a classic Double Bottom pattern which is typically bullish.
Respecting the same ascending parallel price channel since end of last year it will retest the 0.0366 target before this Friday, Valentines Day 2/14.
RSI, MACD showing a flip to positive bullish soon.
Volume is consolidating.
Price bouncing off bottom of Bollinger Bands typically signals an upward swing.
SPA-Congratulations Followers! We did it..100% Fib CorrectionWhat an exciting investment this SPA trade was!
If tracking from initial callout on 1/16 to current you have a return of 169%, max was 192% in just 19 days. It respected the plotted curved parallel price channel beautifully and showed us the most likely path to success. Patience pays off.
This isn't the end folks...it's just the beginning. Follow me and we will fly together!
Onto the next trade....
P.S. Next SPA target would be a bullish push up to 150% fib level.
I still have an eye on it. Will post an update when a shift is on the horizon.
$SPA-Respecting bullish curved parallel price channel to $0.026As you can clearly see the respect is bullish confirmation of upswing action.
Some profitable swings lately if paying attention.
Maybe you will now?
I plotted the easy to see channel its holding for the goal of a 100% complete retest back to just under $0.026 which is a 75% gain from current price of $0.0146.
I got in at $0.0129 looking for a 100% gain if the retest passes at $0.026.
I also plotted the date projections of the bullish trend upwards continues should hit the retest line from 2/8 - 2/25 or sooner.
Tick Tock and Good Luck if you dive into this trade. LFG!
Sperax might be promising.This coin exhibits a possible Cup and Handle pattern, signaling a potential bullish breakout.
The yellow line is a strong resistance level.
This bullish outlook is supported by fundamentals such as Sperax's growth in the DeFi space, mainly through its USDs stablecoin, which positions it as a sustainable alternative to traditional stablecoins. Additionally, broader crypto market recovery, fueled by increased investor interest in altcoins and DeFi innovations, could drive SPA’s upward trajectory. Increased trading volume near the resistance would further confirm the breakout, making this a critical level for potential price movement.