Technical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 30 minutes movement.
Price comes in with a very sharp drop and is losing its selling strength/pressure. On February 11th, strong buyer demand drove the price exponentially, closing always above!
I strongly believe in the potential of this crypto for the next scenarios, be it in the medium and/or long term. RSI> 45 gaining strength. 34 period EMA driving crypto price.
disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
What do you think about it currently? Bullish potential?
luizhcruz
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@marocgangster_90_71,
Good morning friend.
On the daily chart, the price penetrated the region where it is consolidated (threatening to break), however, it was unable to break and returned to this congested channel.
I believe that the price could "explode" upwards according to the company's disclosure ~ when they start to actually use the wallets ~ the crowd will look for more on. Demand for crypto will increase substantially accordingly.
I believe that in the long run, this currency will awaken and make many profits for those who are positioned. I strongly believe in its potential for appreciation. 😄🏆👏
jullyb2002
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@luizhcruz, Hi mate, big-up.. you are always on point.
abel11
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thank you for sharing
luizhcruz
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@abel11, thanks for the positive comment, friend! Glad to receive. 😄🏆👏