The SafeMoon chart and prices illustrate a contrasting head and shoulder pattern.
The SAFEMOON volume profile behind the model is not a textbook.
The two-hour relative strength index (RSI) does not show the reading of excess purchases, leaving room for a break.
The price of SafeMoon nearly 80% from May 12 to at least 19 sizes, I emphasize from a drop before the day before 70% on May 19 caused by Chinese regulatory notices. SAFEMOON stabilizes in the daily charts and has only an inverted head and shoulder pattern with the promise of a fashion rally whose decentralized symbol and possible financing of the fulfillment of price generation is funded.
The volatility of SafeMoon makes investors gasp for air
For the ignorant, SAFEMOON is a new crypto-currency that will fill the trade in March 2021. The digital sign starts to appear with $ 0.0000 billion1 and a small market value. SAFEMOON has a maximum offer of 10 quadrillion, but only 600 billion in circulation.
Based on insurance data from Bitsmart, which went live on April 5, SafeMoon's price is a quick and daring proposal for investors. The period increased by 2900% and 700% and softened by around 80-90%.
In the two-hour chart, the SafeMoon award forms an inverted head-and-shoulders pattern that is more caused today before the SAFEMOON refuge becomes the series. The construction of the right shoulder is engraved along the 50 average light movement of two hours (SMA).
The lower model has a measured movement target of $ 0.00001066, which represents a return of 93% from the neck to the breakthrough. The two barriers between SafeMoon pricing and the moving sobriety target are 200 two-hour SMAs with $ 0.00000776 and the trend line in the downward trend of $ 0.00000807.
In particular, 61.8% and 78.6% Fibonacci retracement levels of $ 0.00000841 and $ 0.00000999 can withstand the slight resistance of the price in SafeMoon to reach the target and the movement of $ 0.00001066 to measure.
The bullish forecast allows your Active SafeMoon activity not to close for you $ 0.00000453 under your right shoulder.
If the price of SafeMoon closes on the two-hour chart below the right shoulder, it can not rely on the narrow to $ 0.00000285 and more $ 0.00000261. Any additional sales make SAFEMOON subject to the $ 0.00000150 terms.
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