Scallop has already broken the downtrend line and gone up to the first resistance area. If this area breaks too, the next horizontal area is the next target.
📉 Support Area:
Current Range: $0.2640 - $0.276 serves as the support zone where you're considering a trade.
📈 Trade Entry:
Strategy: Ladder into the trade within the support area.
🎯 Profit Strategy:
Profit Areas: Plan to take profits at the next resistance zones, either $0.33 - $0.34 or $0.36 - $0.37.
⚖️ Risk Management - Stop Loss:
Stop Loss: Set just below...
The SCLP chart is probably one of the most bullish bottomed out altcoin charts out there in crypto.
I expect it to reach up to $2 within the next 3 months.
besides the great chart they have a awesome product (DYOR) with loads coming this year.
All of this is of course dependant on what Bitcoin does.
let's see what happens.
#SCLP/USDT
$SCLP is inside falling wedge pattern, and above long term support zone, it is possible that price drop to lower line of support zone that is the same with lower line of wedge pattern, then start its rally to break the upper line of wedge that is the same with resistance zone around $2.6.
this break out can cause increase toward $3.1 and maybe $3.8.
The previous analysis failed as the price broke through the uptrend line. It seems that SCLP might form a harmonic pattern. If so, have to wait for confirmation.
Price has already broken the downtrend corrective wave. It is possible for the price to make a rapid downward move before continuing to move up. Or, the price bounces of the two lines converging several times. Anyway, there are two lines in the upward direction of the price. After the horizontal line (the previous price peak), there are no resistances; how up can it go?
It looks like the corrective downtrend wedge has ended as the price crossed the upper side. There are one or two resistance lines ahead, after that, there is no resistance! How up will it go?
SCLP going to moon? with fundamental news
29th this month gonna be a big event for SCLP because App release event
chart looks healthy 👨⚕️
wait till 14$
![SCLPUSDT: RIP To Those That Are Selling SCALLOP [SCLP] At These Levels.](https://s3.tradingview.com/a/ANSkmatU_mid.png "RIP To Those That Are Selling SCALLOP [SCLP] At These Levels.")
