+5,000% am buying a lot below the green line you can also buy right now and hold for around 6 months big returns. it will outperform most coins this current bull cycle but will be outperformed by most coins during the next bull cycle after this one
SPHRBTC trade ideas
Sphere (SPHR) vs Bitcoin (BTC) | 260%+ Target MappedLet's take a look at one signal on the SPHRBTC (Sphere) trading pair chart... We are going to focus on MA200.
Looking at the chart above, we can see MA200 going below SPHRBTC on low volume, while prices move above EMA10.
EMA10 also had a bullish cross with MA200.
After seeing this signal, where a major resistance level has been conquered, we know that SPHRBTC is now open for a strong bullish move.
If prices remain trading above MA200 (0.00000774), this possibility of a strong move taking form stays open and can happen at any given time.
But if prices move below EMA10 and then MA200, the above signals become invalid and we switch our view from bullish to bearish... We know what to do, at all times, if the chart changes and prices drop.
On the way up, our target is set at EMA300... We are likely to see this move develop within 1-3 weeks.
This is not financial advice.
Thanks a lot for reading.
Namaste.
SPHR - 1W - MACD/FIBZooming out on the weekly, switching over to the logarithmic scale, we first look at the MACD line. We are seeing its positivity, higher lows while the price conversely sees negativity, lower lows. Classic bullish divergence.
This coin is still very much a "big gains" coin. Just look at the activity that created the most recent flag. The price swings from ~200sats to ~2000sats; and it still hasn't retraced to a Fib level.
Speaking of Fib, you can be pretty sloppy with your use of the tool and still see that Fib Retracement completely applies to this coin. Almost to a T.
The history of this coin shows that it's not one to dump and stay dumped, like you might see on the classic shitcoins. If you believe that Fib Retracement is real and you believe this coin has another pump in it, you can expect to get at least 20X gains from the current 760sats buy-in.
If $SPHR has several more pumps in it, we could see it return to its higher-value levels.
SPHRBTC retests major support againThe price hit the long term support again indicators start to become bullish again. Stoch RSI enters oversold zone, Aroon and MACD confirms its intension. We expect a bounce and entering in Ichi cloud in the short term.
SPHR Hitting Trading ZoneShort term this trade is looking to go short.
As you can see in my private post that this has been on the radar for the last week. Don't get fooled by all the MACD RSI confusion people throw your way. I know how the machine works from the inside out. My charts are clean and easy to read. Follow me on my journey. My warnings alone will save you a lot of heartache. Due to market conditions I'll probably sit back and see how well the first demand zone holds up before entering the trade. I hope you all do well and good luck.
If you find my charts useful, feel free to send tips or not to any of these Wallet Addresses. Your tips are appreciated and help me spend more time charting for everyone and keep updates coming. Either way lets have some fun.
Bitcoin 1623H7dyLQgS9PP9K4bZL6Q1m1dWsXu1Dd
Ethereum 0x0f3519f693984a69503291210FEb50a9F544269e
Litecoin LewiitKzGP4yNYNPeGYXkLMzv89x1b9zyZ
***These are for education purposes only. I am not a financial adviser***
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SPHERE (SPHR) - Setting Up For Impulsive BreakoutThis coin appears to have shit fundamentals (check it's website), however the TA looks pretty fucking sweet, imo.
Note the long blue trend line going back to June/July, which if it breaks above, could get very implusive, as you can see from prior such moves. If a daily candle opens above this line that may well be a very bullish indicator.
While its possible the price reverses and falls down into the red channel, I anticipate it having a breakout. Check out the chart on many time frames. Monthly SRSI is just starting to cross upward. MACD on the weekly is just crossing upward, and momentum on the histogram is just at the midline. 3-Day MACD is just hitting the midline of the histogram as well. Daily and 6-hour look positive.
Based on where previous highs have met resistance, I'd look for targets at around 85000, 130000, and 20000 - 25000 zone. If all hell breaks loose it could go up to its previous ATH at 450000. If you look back at the run-up in early July, you can see that it spiked by 500% in just 3 days. Price moves seem really impulsive on this coin. They also fall just as fast, so have your sell orders in, if you get into this trade.
Lastly, do some due diligence on this coin first. It is supposedly going to be swapped at some point for a new ERC20 token. The dev team has gone pretty quiet and there's a lot of justification to be skeptical on this coin. Caveat Emptor. That said I still like the picture the chart is painting.
Feedback and criticism welcome. I don't claim to be a pro and am posting this to get feedback and corroboration from other traders.
trend analysis Confluence
> impulse leg retraced to 786
> Ichimoku strong buy signal
> price is making higher highs and lows indicating bulls in control
SPHR Trade OpportunityTechnical:
- SPHR has done a full correction cycle back to supply zone.
- Stoch_MTF signaled bottom and buy indicator
- Williams VIX signalled bottom
- Price is about to overpass Ultimate_MA_MTF (bullish)
- MACD starting to move up
- RSI starting to move up
Stop loss: 35,000 Satoshi
Targets: 50,000 Satoshi (short term)
60,000 Satoshi (short term)
69,000 Satoshi (short term)
80,000 Satoshi (medium term)
Risk:Reward= 3+
Risk tolerance: low
Fundamentals:
The swap will be hosted by Bittrex.
SPHR will be swapped to a ERC20 Token with burn functions on the Ubiq Network.
More details coming soon.
Notes:
This project sees very low activity from dev team please be cautious.
