On the daily time frame SET:SPA looks good. Target is as shown. Expecting SET:SPA to fill that imbalance at 0.0068, and then continue to head to he upside. (d)
Another one where it looks a decent pullback made look slightly ugly due to crypto dump yesterday, taking an initial position now and will keep an eye for adding more later
Update from the first idea
Using LOG FIB drawn on Weekly chart from all time high to all time low we find confluence on the 0.5 and 0.618 when compared to the recent mid term swing high to low. 1.272 and 1.618 (aug '22)
Also RSI on weekly chart looks very bullish. Strong support and bounce with continuation likely in the coming weeks and months. Targets posted...
Stop loss= 0.0247
Take profit = 0.010
ALL indicators clearly say im(SPA) over bought and the pumping group are selling by liquidating the SHORT positions
SPA has been one of the best performing crypto of the year, being supported on its 1D MA50 (blue trend-line) since December 23. The most important development is that it has now broken above the handle of the Cup and Handle (C&H) pattern of late January. The previous C&H pattern, when it broke above its handle, it reached its 2.0 Fibonacci extension before pulling...
