SAFEPAL - SFP/USDT - Daily - Technical analysis published on 04/22/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 0.732148 USDT
My targets
0.826413 USDT (+2.45%)
0.881693 USDT (+9.31%)
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 0.732148 USDT. The next resistance located at 0.826413 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 0.881693 USDT. After this resistance, buyers could then target 1.709000 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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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 0.806618 USDT. The price has increased by +2.86% since the last closing and was traded between 0.781858 USDT and 0.814165 USDT over the period. The price is currently at +3.17% from its lowest and -0.93% from its highest.0.781858
0.814165
0.806618
A study of price movements over other periods shows the following variations:
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.695278 | 0.732148 | 0.797879 | 0.806618 | 0.826413 | 0.881693 | 1.709000 |
| Change (%) | -13.80% | -9.23% | -1.08% | - | +2.45% | +9.31% | +111.87% |
| Change | -0.111340 | -0.074470 | -0.008739 | - | +0.019795 | +0.075075 | +0.902382 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.701211 | 0.741676 | 0.762941 | 0.803406 | 0.824671 | 0.865136 | 0.886401 |
| Camarilla | 0.767229 | 0.772888 | 0.778546 | 0.784205 | 0.789864 | 0.795522 | 0.801181 |
| Woodie | 0.691610 | 0.736876 | 0.753340 | 0.798606 | 0.815070 | 0.860336 | 0.876800 |
| Fibonacci | 0.741676 | 0.765257 | 0.779826 | 0.803406 | 0.826987 | 0.841556 | 0.865136 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.28 | |
| MACD (12,26,9): | 0.0108 | |
| Directional Movement: | -0.964514 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.812230 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.890265 | |
| Elder Ray (13): | -0.005050 | |
| Super Trend (3,10): | 0.707562 | |
| Zig ZAG (10): | 0.810689 | |
| VORTEX (21): | 1.0351 | |
| Stochastique (14,3,5): | 46.16 | |
| TEMA (21): | 0.815260 | |
| Williams %R (14): | -46.73 | |
| Chande Momentum Oscillator (20): | -0.072780 | |
| Repulse (5,40,3): | -1.3015 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2361 | |
| Courbe Coppock: | 5.45 |
| MA7: | 0.799445 | |
| MA20: | 0.797608 | |
| MA50: | 0.775775 | |
| MA100: | 0.752581 | |
| MAexp7: | 0.806004 | |
| MAexp20: | 0.797400 | |
| MAexp50: | 0.779960 | |
| MAexp100: | 0.757849 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +1.13% | |
| Price / MA50: | +3.98% | |
| Price / MA100: | +7.18% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +1.16% | |
| Price / MAexp50: | +3.42% | |
| Price / MAexp100: | +6.44% |
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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