This is only a personal idea based on my very limited knowledge, please do your own research and analysis.
I have considered both fundamental and technical analysis. SFP(Safepal) has a great fundamental basis and I can actually see people using it more and more in the future, it has a relatively low market cap, so there is a great potential for future growth. Technical-wise, as we can see on the chart, the price has touched the bottom of the trendline, perfect entry can be above 3. We can see a bullish cross on Stoch RSI Daily. Possible targets for short-term traders could be 3.45-3.9 and ATH 4.45. Personally, I can see a bigger target in long term.
Thank you for reading my opinion,
Happy trading
I have considered both fundamental and technical analysis. SFP(Safepal) has a great fundamental basis and I can actually see people using it more and more in the future, it has a relatively low market cap, so there is a great potential for future growth. Technical-wise, as we can see on the chart, the price has touched the bottom of the trendline, perfect entry can be above 3. We can see a bullish cross on Stoch RSI Daily. Possible targets for short-term traders could be 3.45-3.9 and ATH 4.45. Personally, I can see a bigger target in long term.
Thank you for reading my opinion,
Happy trading
Nota
As predicted SFP reached its first target today, 2 weeks after I published this analysis, 3.45. Of course, BTC moving up has played a big role here, since SFP so far has shown a strong correlation with BTC movement.Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.