SPS Price is at the End of Triangle Pattern
There is great triangle pattern on SPS price chart. SPS price is in this pattern for 7 months. It is at the end of this great bullish pattern. It is so possible to see breaking up this pattern.
Here you can see daily chart of SPS price. The height of this triangle the target of this pattern. If SPS price breaks up downtrend line, It may go up to reach the target. The target is to reach 0,015 USD. Before this target, 0,01 USD is the first stop. We need only a trigger to start bullish run.
Here you can see the indicators on weekly chart of SPS price. Fisher Indicator in on the bottom and it is ready to reverse up. You can see what happened when it reversed up. We may see same bullish move on SPS price chart.
SPS price is at 6th weekly red candle. It is close to see green weekly candles.
There is only one bearish signal on SPS price chart. There was great uptrend line on RSI Indicator. It is broken down. We should see the new pattern on RSI Indicator.
If market reverse up, SPS price will follow the market. We may see bullish moves on SPS price chart in a few weeks. 0,01 USD and 0,015 USD levels are the targets of SPS price chart.
We will see..
Thank you for sharing on steem! I'm witness fuli, and I've given you a free upvote. If you'd like to support me, please consider voting at https://steemitwallet.com/~witnesses 🌟
🎉 Congratulations!
Your post has been upvoted by the SteemX Team! 🚀
SteemX is a modern, user-friendly and powerful platform built for the Steem community.
🔗 Visit us: www.steemx.org
✅ Support our work — Vote for our witness: bountyking5
@chorock, fantastic technical analysis on SPS! I'm really impressed with your detailed breakdown of the triangle pattern and potential breakout. The way you've combined the daily and weekly charts, along with the Fisher Indicator and RSI, provides a comprehensive outlook.
That potential target of $0.015 is certainly exciting! Your point about needing a trigger for a bullish run resonates, and it's great to see you're keeping an eye on the broader market reversal. Thanks for sharing your expertise and actionable insights. I'm eager to follow along and see how this plays out! Upvoted and resteemed for visibility. Let's get some discussion going – what kind of trigger event do you think could spark this run?