Hello trader ,WHATS UP GUYS ?!
In the past analysis that I posted for SFP(Safepal), exactly according to my analysis, after reaching the local resistance zone , it declined and it wasn't able to rise more for higher targets ๐ฏ
so now!
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๐Technical
As you can see on weekly timeframe for SFP/USDT ,it has been declining and went down below the descending trendline , and recently lost the previous support zone and reached to lower support level on the pivot zone , so today if SFB be able to stablize itself on this zone for at least 1 or 2 week with enough volume as confirmation ,it can start a uptrend movement and rise to higher resistance zone . so in order to achive higher targets at first it should break out both descending trendlines of channel and then attack to higher red resistance zone , otherwise if it lose this important current zone it can drop to lower support fibo levels and the bottom of channel .
๐resistance level: $2.58 -$2.8/// $1.77- $1.97 descending trendline of channel
๐pivot zone: $0.675- 0.8$
โ๏ธsupport levels: $0.4082///$0.322///$0.2158
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
In the past analysis that I posted for SFP(Safepal), exactly according to my analysis, after reaching the local resistance zone , it declined and it wasn't able to rise more for higher targets ๐ฏ
-------------------------------------------------------------------------------------------------------------------
๐Technical
As you can see on weekly timeframe for SFP/USDT ,it has been declining and went down below the descending trendline , and recently lost the previous support zone and reached to lower support level on the pivot zone , so today if SFB be able to stablize itself on this zone for at least 1 or 2 week with enough volume as confirmation ,it can start a uptrend movement and rise to higher resistance zone . so in order to achive higher targets at first it should break out both descending trendlines of channel and then attack to higher red resistance zone , otherwise if it lose this important current zone it can drop to lower support fibo levels and the bottom of channel .
๐resistance level: $2.58 -$2.8/// $1.77- $1.97 descending trendline of channel
๐pivot zone: $0.675- 0.8$
โ๏ธsupport levels: $0.4082///$0.322///$0.2158
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
