📢 $SPCX / $USDT | 🟢 LONG | ⭐ 67.5%
🎯 Objective: $145.03. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $143.36
🛑 Stop Loss: $142.36
🏁 TP1: $145.03
🏁 TP2: $145.37
🏁 TP3: $146.04
📈 Analysis:
Asset $SPCX shows a clear bullish alignment across all timeframes, validated by an ADX of 35.1 (which confirms a trend with strong directional strength). Market structure presents confirmed double and triple bottom patterns, supported by a bullish MACD crossover (an indicator of momentum that measures the relationship between moving averages) and an RSI at 66.77 (showing buying pressure without yet entering an extreme overbought zone). The EMAs (exponential moving averages) maintain a clear bullish setup, with price trading above the EMA20 and EMA50, consolidating buyers’ control.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
The thesis is invalidated if the price loses nearby support at $140.31, which would break the structure of higher lows. It’s essential to monitor volume on the breakout of the immediate resistance at $143.9 to confirm continuation of the move toward the stated targets.
Do you think the current volume is enough to break the resistance at $143.9?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #SPCX #trading #Futures #Bullish
🎯 Objective: $145.03. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $143.36
🛑 Stop Loss: $142.36
🏁 TP1: $145.03
🏁 TP2: $145.37
🏁 TP3: $146.04
📈 Analysis:
Asset $SPCX shows a clear bullish alignment across all timeframes, validated by an ADX of 35.1 (which confirms a trend with strong directional strength). Market structure presents confirmed double and triple bottom patterns, supported by a bullish MACD crossover (an indicator of momentum that measures the relationship between moving averages) and an RSI at 66.77 (showing buying pressure without yet entering an extreme overbought zone). The EMAs (exponential moving averages) maintain a clear bullish setup, with price trading above the EMA20 and EMA50, consolidating buyers’ control.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
The thesis is invalidated if the price loses nearby support at $140.31, which would break the structure of higher lows. It’s essential to monitor volume on the breakout of the immediate resistance at $143.9 to confirm continuation of the move toward the stated targets.
Do you think the current volume is enough to break the resistance at $143.9?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #SPCX #trading #Futures #Bullish
