Cup and Handle Formation May be on SPS Price Chart
After price went up for Chaos Legion voucher airdrop annoucment, during the airdrop SPS price going down. I shared a post about SPS price may go down because of technical details...
SPS price comleted the bowl but technical details did not give permission to double the price. So, SPS price needs to draw handle of cup. There may be a cup and handle formation...
After breaking down uptrend line coming from the dip of the chart, SPS price falling down...
There were lots of tecnical signals of going down. MACD, Fisher and RSI indicators showed us SPS price would go down after completing double top...
How far will the SPS price drop?
0,50 USD is great support for SPS price. Fin 0.618 level is on 0,50 USD level and there is also price support level that supported the price at the beginning of the months while pumping...
It may be great level to pick up...
There is only a correction for SPS price and bullish trend may be continue.. I believe SPS is still a gem for me and it is super cheap.
I compare all NFT crypto's and see that SPS is a gem. AXS, ATLAS, SAND...
So I will pick up SPS under 1 USD. I wont sell them befor Binance listing. I think I will see Binance listing one day. Splinterlands has the best economy in Blockchain games and CZ will list SPS on his exchange by himself...
This is only my opinion it is not financial advice...
Let's see...
Posted Using LeoFinance Beta
I just knew I would see the "this is not financial advice" at the end. I don't disagree with your conclusions though. Sounds like a good plan.
If Binance will list Splinterlands, which is quite possible at some point, it will be a game and life changer for all the players. One needs to think of the future if he wants to strike it big and this is why I am staking SPS, getting CL packs with vouchers, and don't sell anything. There is so much space to grow...
Posted Using LeoFinance Beta
Agree with the article and with the comments. I'm bullish about SPS too.
Posted Using LeoFinance Beta
Im just waiting for the bounce on the handle before I add more! Possibly around next week.
_