Technical analysis by without_worries about Symbol SPA: Buy recommendation (4/29/2023)

without_worries

Sperax (SPA)On the above 4-day chart price action has corrected 97% since the sell signal in January 2022 (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout (USD and BTC pairs). 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over an 80 day period. 4) Can price action go back to 20 cents? No idea but that would be a 5500% return. Is it possible price action could fall further? Sure. Is it probable? No. Ww Type: trade Risk: <=1-2% of portfolio - Very small market cap Timeframe: Don’t know. Return: Don’t know.Comment: The BTC pairTrade active: Will update when the target is within range..Comment: 618 confirmed. For those of you that light playing with smalls caps, 100-110% move coming up soonish..Trade active: I know this is a tiny market cap and folks might think they'll only make great returns if betting on small caps. This is a terrible idea. No matter the size of your portfolio you play trades on what is probable. All that said, I know there's no way I'll change everyones thinking. Truth to be told (search my ideas MATIC, first purchase here was when it was a $25m market cap), there's some great opportunities to turn a small amount of cash into dizzying heights if you can ignore the up and coming volatility. 3-day BTC pairTrade active: 120% so far.Trade active: ** swing trade closed ** Price action now on support. 3-day chartTrade active: Retail flushed out, long like donkey kong..Trade active: GRM support confirmed.Comment: Not 48hrs ago was GRM support confirmed and price action is now up 80%. Such a beautiful signal to have in your toolbox.Comment: should the 1 cent resistance break price action will likely 2x in a short space of time.