SAFEPAL - SFP/USDT - Daily - Technical analysis published on 04/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.797879 USDT
My targets
0.881693 USDT (+5.96%)
1.111119 USDT (+33.53%)
My analysis
The bullish trend is currently very strong on SAFEPAL - SFP/USDT. As long as the price remains above the support at 0.797879 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.881693 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.111119 USDT as an objective. Crossing it would then enable buyers to target 1.709000 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.1
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SAFEPAL - SFP/USDT price is 0.832096 USDT. On the day, this instrument lost -0.85% with the lowest point at 0.828558 USDT and the highest point at 0.843872 USDT. The deviation from the price is +0.43% for the low point and -1.40% for the high point.0.828558
0.843872
0.832096
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of SAFEPAL - SFP/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.732148 | 0.797879 | 0.826413 | 0.832096 | 0.881693 | 1.709000 | 2.442000 |
| Change (%) | -12.01% | -4.11% | -0.68% | - | +5.96% | +105.38% | +193.48% |
| Change | -0.099948 | -0.034217 | -0.005683 | - | +0.049597 | +0.876904 | +1.609904 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 0.754186 | 0.781584 | 0.810422 | 0.837820 | 0.866658 | 0.894056 | 0.922894 |
| Camarilla | 0.823794 | 0.828949 | 0.834104 | 0.839259 | 0.844414 | 0.849569 | 0.854724 |
| Woodie | 0.754905 | 0.781944 | 0.811141 | 0.838180 | 0.867377 | 0.894416 | 0.923613 |
| Fibonacci | 0.781584 | 0.803067 | 0.816338 | 0.837820 | 0.859303 | 0.872574 | 0.894056 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.539410 | 0.621879 | 0.730569 | 0.813038 | 0.921728 | 1.004197 | 1.112887 |
| Camarilla | 0.786690 | 0.804213 | 0.821736 | 0.839259 | 0.856782 | 0.874305 | 0.891828 |
| Woodie | 0.552521 | 0.628434 | 0.743680 | 0.819593 | 0.934839 | 1.010752 | 1.125998 |
| Fibonacci | 0.621879 | 0.694902 | 0.740015 | 0.813038 | 0.886061 | 0.931174 | 1.004197 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.416883 | 0.518997 | 0.648295 | 0.750409 | 0.879707 | 0.981821 | 1.111119 |
| Camarilla | 0.713955 | 0.735168 | 0.756380 | 0.777593 | 0.798806 | 0.820019 | 0.841231 |
| Woodie | 0.430475 | 0.525793 | 0.661887 | 0.757205 | 0.893299 | 0.988617 | 1.124711 |
| Fibonacci | 0.518997 | 0.607396 | 0.662010 | 0.750409 | 0.838808 | 0.893422 | 0.981821 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.08 | |
| MACD (12,26,9): | 0.0152 | |
| Directional Movement: | 1.515115 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.819901 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.898976 | |
| Elder Ray (13): | 0.028266 | |
| Super Trend (3,10): | 0.707562 | |
| Zig ZAG (10): | 0.835310 | |
| VORTEX (21): | 1.0453 | |
| Stochastique (14,3,5): | 49.35 | |
| TEMA (21): | 0.827701 | |
| Williams %R (14): | -49.76 | |
| Chande Momentum Oscillator (20): | -0.039980 | |
| Repulse (5,40,3): | 1.1865 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2541 | |
| Courbe Coppock: | 12.82 |
| MA7: | 0.803928 | |
| MA20: | 0.794481 | |
| MA50: | 0.776395 | |
| MA100: | 0.752614 | |
| MAexp7: | 0.818178 | |
| MAexp20: | 0.801099 | |
| MAexp50: | 0.780781 | |
| MAexp100: | 0.757786 | |
| Price / MA7: | +3.50% | |
| Price / MA20: | +4.73% | |
| Price / MA50: | +7.17% | |
| Price / MA100: | +10.56% | |
| Price / MAexp7: | +1.70% | |
| Price / MAexp20: | +3.87% | |
| Price / MAexp50: | +6.57% | |
| Price / MAexp100: | +9.81% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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