SLP

For my reference only

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DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY
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Comment:

As per request im adding some informations

Bullish Indicators.
1. If .18-.19 will hold we have a possibility of forming a bullflag with a falling wedge as a flag which can bring us to a target of 0.40.55
2. Macd and RSI bullish divergence forming with volume slightly decreasing
3. If it bounce up from 0.18 or 0.16 it is very important for it to break the 0.24 level which is the confluence of the horizontal resistance and the downtrend channel and MAs. We break it with high volume its high possibility we could see 0.4-0.5 or even higher


Bearish Indicators.
1. Slp has retested the .23 level which is a significant support now acting as resistance
2. possible low is .18-0.19 if broken next is 0.16 level
3. bearish macd crossover with price below the MAs
4. we are forming bullish divergence and a bit oversold.. but if we break 0.16 level i think we will see a continuous selloff until 0.12 level and we might need to wait longer before SLP goes to recover because I think at that stage it will try to form a base/flooring before having a moon rally again

Comment:

slp has broken 0.18 lets see if 0.16-0.17 will hold