SPS Price Broke up Great Downtrend Line and Entered Bullish Trend

There was great downtrend line on SPS price chart. I shared a few analysis about this downtrend line and finally SPS price broke up this great downtrend line. After breaking up this dowtrend line, SPS price is trying to rest.

Here you can see daily chart of SPS price chart. There was great downtrend line coming froom Aoril 2025. SPS price broke up this downtrend line with huge daily green candle. After breaking up this resistance, SPS price seems stable at 0,008 USD level.

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Here you can see the indicators on weekly chart of SPS price. There was great downtrend line on RSI Indicator and It is broken up. MACD and Fisher Indicators reversed up from the bottom. We may see bullish trend for a few weeks. 0,01 USD is the first price target for bullish trend. If it breaks up 0,01 USD, SPS price will try to touch 0,015 USD.

There is also great uptrend line coming from the bottom. I drew it green line. SPS price will follw this great uptrend line. But it is going up slowly.

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0,003 USD level is the bottom level of SPS price chart. We may not see SPS price again in this level. SPS price will be above this level market market crashes.

We will see..

Posted Using INLEO



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4 comments
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I love your analysis. However, there would be some consolidation before any upward movement.

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Nice chart, the break above the downtrend line looks encouraging, now I will watch if it holds and momentum stays strong.

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