SPS Price is on the Middle Line of Rising Channel Pattern
SPS Price is the pattern of rising channel. 4th August is the bottom of SPS price as lots of crypto on market. It is up more than 200% from the bottom. It has great performance after 4th August crash but It is in price correction. Even it is in price correction SPS price did not go down. It is under price correction for a few weeks. Price seems as stable during this time.
Here you can see daily chart of SPS. There is huge rising channel on price chart. SPS price is going up slowly during touching the middle line of rising channel. The top line of this channel is first target for SPS price.
When we look at the indicators on SPS price chart we can see why SPS price is under price correction. MACD and Fisher Indicator were on the top and they did need correction. They are going down for correction during this time period. SPS is trying to get ready to reach price target. We may see price dump on SPS price to touch top lien of rising channel.
The first target is 0,012 USD for SPS price.
There is also uptrend line on RSI Indicator. SPS price should be supported by this line to go up!
We may see price up on SPS price chart in next week.
We will see...
Posted Using InLeo Alpha
Superb analysis of SPS, rising ln the price of SPS next week will be great, happy new month dear friend.
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