What's going on guys?
Some quick analysis in SLP. It is still in the bear trend, but slowly gaining strength. The effect of the blue triangle (trend reversal) you see might take a while (if not invalidated). EMA lines are also slowly crossing to the bullish side. The money outflow is also decreasing. The Ichimoku's lagging line will tell us also this possible trend reversal in the future.
If I believe in this coin, I will just DCA until the break out happens. Not a financial advice though, manage carefully your own trades. Best wishes guys.
Some quick analysis in SLP. It is still in the bear trend, but slowly gaining strength. The effect of the blue triangle (trend reversal) you see might take a while (if not invalidated). EMA lines are also slowly crossing to the bullish side. The money outflow is also decreasing. The Ichimoku's lagging line will tell us also this possible trend reversal in the future.
If I believe in this coin, I will just DCA until the break out happens. Not a financial advice though, manage carefully your own trades. Best wishes guys.