SLP is currently looking like a bull flag on 1D TF .The risk reward looks very good,provided Bitcoin doesn't do any thing abnormal,I expect this coin to moon hard before we dump early December.
Fingers crossed.
Did not break out as expected. The next dip will bottom at 0.008 and it will officially be broken or die forever.
Seems to me a lot of cryptocurrencies are following this pattern. One more dip and it's game on.
The price successfully broke through the trend line, exited the range and broke through the support level. If the price fixes under the support level, we may correct lower.
I drew the resistance lines with price on the right hand side .When SLP starts doing 50% for one week straight,everyone who didn't get in gonna feel bad.
Hey trader,
please see my current idea on SLP, where my count suggest an increase of 1000% to the 1.618 extension area. This is due to the fact that SLP became very impulsive again and got rebought on the 61.8% area.
Therefore I am assuming that we are in an impulsive and currently in a probable wave 3 extension.
This is no financial advice.
RT
Consolidation after steep run-up. Where Support 18day support is slowly been turned in resistance.
1.23extension of blow-off top to current support results in a 30% decrease in price.
Macd is about to roll over in combination with MA structures.
I thing this one is gonna go up massively if we are to get a relief rally on BTC.
We have bullish divergence on the 2 hour and are looking to break above the moving averages
it looks promising so long as we hold higher lows.
Chart is self explanatory.
Please manage your risk accordingly. (Disclaimer: Nothing is financial advice, DYOR!)
Kept is simple for you all.
Keep stop-loss at the red line,
add more on confirmation if if closes above the green line,
and don't forget to take profits on the yellow lines!
That's it! Trading isn't rocket science ;)
Don't forget to follow me (:P)
I call this my gem - from a fundamental standpoint Metaverse gaming tokens have been very hot recently, just like $SAND which I called at 70c and it blew to $3, I think SLP chart has never looked better. The opportunity currently in terms of R:R is so high, the chart has essentially bottomed out, and from a fundamental standpoint SLP is used in axie infinity as a...
just buy now .cash in on easy 3x in few days. this is a clear inverted head and shoulder pattern. the head bounced off the 200ma on 4hourly chart. it retraced below 0.786 fib which is certain that sell pressure is exhausted on a good coin like this
