Sphere / BitcoinLong
SPHR - 1W - MACD/FIB
Zooming out on the weekly, switching over to the logarithmic scale, we first look at the MACD line. We are seeing its positivity, higher lows while the price conversely sees negativity, lower lows. Classic bullish divergence.
This coin is still very much a "big gains" coin. Just look at the activity that created the most recent flag. The price swings from ~200sats to ~2000sats; and it still hasn't retraced to a Fib level.
Speaking of Fib, you can be pretty sloppy with your use of the tool and still see that Fib Retracement completely applies to this coin. Almost to a T.
The history of this coin shows that it's not one to dump and stay dumped, like you might see on the classic shitcoins. If you believe that Fib Retracement is real and you believe this coin has another pump in it, you can expect to get at least 20X gains from the current 760sats buy-in.
If
SPHR has several more pumps in it, we could see it return to its higher-value levels.
This coin is still very much a "big gains" coin. Just look at the activity that created the most recent flag. The price swings from ~200sats to ~2000sats; and it still hasn't retraced to a Fib level.
Speaking of Fib, you can be pretty sloppy with your use of the tool and still see that Fib Retracement completely applies to this coin. Almost to a T.
The history of this coin shows that it's not one to dump and stay dumped, like you might see on the classic shitcoins. If you believe that Fib Retracement is real and you believe this coin has another pump in it, you can expect to get at least 20X gains from the current 760sats buy-in.
If
SPHR has several more pumps in it, we could see it return to its higher-value levels.
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