Good day Hiveians!
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SPS should be out of its corrective phase now and entering a new impulse wave
Last week we argued that a breakout should occur rather sooner than later. We also noted that the subwave on the right closely resembles the one on the left - a fractal, that once we look at seems to show a breakout potential.
We first saw a further decline to 38 cents before prices started moving upwards again. Price first tested the trend line and retracted somewhat before it breached it in a second attempt. As expected, price moved strongly upwards after that and is now at ~50 cents.
What can we expect now?
To me it seems that we could once again repeat a similar pattern to what we saw previously: an impulse wave beinging us to 1-2$. The variable here, however, is the airdrop which has put a selling pressuure on SPS. Nevertheless, we are in a bull market and I don't think that prices will stay at this range much longer.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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We where talking $hive prediction yesterday and boom! Today time proved me wrong, $hive got past $2 hahahaha
This is very true! But I think it will be stable anyway and $hive pumping should affect $sps, I wanted to say $1 might be too soon but I don't want to get shocked!
Your T.A are always very good. Let see how next week will be for sps
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thank you!
The market has been doing so well so far and yes I agree - don't invest what you can't afford to lose!