SPS Price Broke up Great Handle Cup Pattern

There was great handle-cup pattern on SPS Splintershards price chart. After good news on Splinterlands, SPS price started to go up. It is one of the best performer in April. It went up more than 100% from the bottom. 0,011 USD was the bottom level of handle-cup pattern. Finally, SPS broke up this resistance. It is time to see the first price target of this pattern.

Here you can see daily chart of SPS price. After breaking up the top level of handle-cup pattern, SPS price went up fast. 0,017 USD is the first target of handle-cup pattern. Today SPS price touched 0,015 USD. After touching and breaking up the first target we will focus on second price target. It is still early..

Here you can see the indicators on daily chart of SPS. If SPS destroys price targets, 0,032 USD and 0,037 USD will be major resistance on SPS price chart.

All of major indicators are at overbought level. We may see price correction after price pump. I hope we will reach the first target and we will stay above this level as support. If not, the top level of handle cup pattern will be support line for SPS price chart. 0,011 USD may be support level.

SPS started longterm journey. We may see price corrections during this journey. No problem. We are only at the beginning.

We will see..

Posted Using INLEO