Saitama Token – Forget the TA it’s Gone Parabolic
I sat down this morning looking at Saitama. It was up over 30%. Amazing is what I thought. I decided I wanted to do some technical analysis to understand and get a clear direction of the token. Well scratch that idea for today, Saitama has gone parabolic.
So instead I decided to figure out support and resistance levels. I based the above analysis on the 1 day chart and zoomed out to get a better view of the project.
The wicks on the candles show me solid growth. We have a nice upwards trajectory. Follow the yellow line with the rocket ship. Saitama is definitely bullish.
At the time of this writing Saitama has gone parabolic. It broke through resistance (blue line) above .00000009 and ate the zero and this time it’s growing steady and holding above. It’s now made new all time high at .00000014.
For now enjoy the ride. Need more data before we can really get a feel. But at this moment I’d simply say get your space suit. We heading to the moon.
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Note: do your due diligence. Don’t make financial decisions based on my charts. I’m not a financial adviser. Just a guy with an ukulele who loves crypto. With that own your decisions. I’m not responsible if you get rekt. Crypto is high risk and high rewards. Play at your own risk.