SAFEPAL - SFP/USDT - 15 min. - Technical analysis published on 02/20/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.583867 USDT
My targets
0.594000 USDT (+0.51%)
0.608800 USDT (+3.01%)
My analysis
SAFEPAL - SFP/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.583867 USDT. The next resistance located at 0.594000 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.608800 USDT. After this resistance, buyers could then target 0.722200 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Consciousconnection. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SAFEPAL - SFP/USDT price is 0.591000 USDT. The price has increased by +8.74% since the last closing and was between 0.530000 USDT and 0.593300 USDT. This implies that the price is at +11.51% from its lowest and at -0.39% from its highest.0.530000
0.593300
0.591000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 15 min. chart of SAFEPAL - SFP/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.512600 | 0.542300 | 0.564100 | 0.591000 | 0.608800 | 0.722200 |
| Change (%) | -13.27% | -8.24% | -4.55% | - | +3.01% | +22.20% |
| Change | -0.078400 | -0.048700 | -0.026900 | - | +0.017800 | +0.131200 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.491100 | 0.507300 | 0.525400 | 0.541600 | 0.559700 | 0.575900 | 0.594000 |
| Camarilla | 0.534068 | 0.537212 | 0.540356 | 0.543500 | 0.546644 | 0.549788 | 0.552933 |
| Woodie | 0.492050 | 0.507775 | 0.526350 | 0.542075 | 0.560650 | 0.576375 | 0.594950 |
| Fibonacci | 0.507300 | 0.520403 | 0.528497 | 0.541600 | 0.554703 | 0.562797 | 0.575900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.373067 | 0.416133 | 0.478467 | 0.521533 | 0.583867 | 0.626933 | 0.689267 |
| Camarilla | 0.511815 | 0.521477 | 0.531138 | 0.540800 | 0.550462 | 0.560123 | 0.569785 |
| Woodie | 0.382700 | 0.420950 | 0.488100 | 0.526350 | 0.593500 | 0.631750 | 0.698900 |
| Fibonacci | 0.416133 | 0.456396 | 0.481271 | 0.521533 | 0.561796 | 0.586671 | 0.626933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.247300 | 0.314800 | 0.444900 | 0.512400 | 0.642500 | 0.710000 | 0.840100 |
| Camarilla | 0.520660 | 0.538773 | 0.556887 | 0.575000 | 0.593113 | 0.611227 | 0.629340 |
| Woodie | 0.278600 | 0.330450 | 0.476200 | 0.528050 | 0.673800 | 0.725650 | 0.871400 |
| Fibonacci | 0.314800 | 0.390283 | 0.436917 | 0.512400 | 0.587883 | 0.634517 | 0.710000 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.54 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 11.471965 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.560619 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.553633 | |
| Elder Ray (13): | 0.003808 | |
| Super Trend (3,10): | 0.551904 | |
| Zig ZAG (10): | 0.575200 | |
| VORTEX (21): | 0.9932 | |
| Stochastique (14,3,5): | 75.01 | |
| TEMA (21): | 0.567508 | |
| Williams %R (14): | -7.33 | |
| Chande Momentum Oscillator (20): | 0.036300 | |
| Repulse (5,40,3): | 6.9541 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0626 | |
| Courbe Coppock: | 3.21 |
| MA7: | 0.539071 | |
| MA20: | 0.535980 | |
| MA50: | 0.478614 | |
| MA100: | 0.473338 | |
| MAexp7: | 0.568052 | |
| MAexp20: | 0.557288 | |
| MAexp50: | 0.552940 | |
| MAexp100: | 0.548851 | |
| Price / MA7: | +9.63% | |
| Price / MA20: | +10.27% | |
| Price / MA50: | +23.48% | |
| Price / MA100: | +24.86% | |
| Price / MAexp7: | +4.04% | |
| Price / MAexp20: | +6.05% | |
| Price / MAexp50: | +6.88% | |
| Price / MAexp100: | +7.68% |
Quotes :
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Real time data
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Cryptocompare
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