Few things to Note
Daily Time Frame chart - RSI not similar to previous pattern
- Similarity between end of two points in terms of prices and number of days it followed similar pattern after a down run like it has
- volumes have increased over time - contrasting to previous price high's more volume may be indication of more coins being sold as lines are red in volume section but its increasing which may lead to increase in the price if a reversal happens in 3 days - a start of a 7 days high run if we are at end of this session of down trend for slp
apart from speculations
- 0.07 price level 0.076 to 0.84 are key resistance levels
- current price is a moderately strong support level
- if it breaks 0.06 is the next support line
if daily closing above 0.067 with increasing prices we may see a very good price uptrend in few days
This isnt a Financial Advise just an analysis or self notes if u may call it
Daily Time Frame chart - RSI not similar to previous pattern
- Similarity between end of two points in terms of prices and number of days it followed similar pattern after a down run like it has
- volumes have increased over time - contrasting to previous price high's more volume may be indication of more coins being sold as lines are red in volume section but its increasing which may lead to increase in the price if a reversal happens in 3 days - a start of a 7 days high run if we are at end of this session of down trend for slp
apart from speculations
- 0.07 price level 0.076 to 0.84 are key resistance levels
- current price is a moderately strong support level
- if it breaks 0.06 is the next support line
if daily closing above 0.067 with increasing prices we may see a very good price uptrend in few days
This isnt a Financial Advise just an analysis or self notes if u may call it