SLP analysis after a long fallYou can consider 0.055 - 0.06 as a strong support level, it's a good place to buy and invest
Higher Highs and Lower Lows are happening
Also you can see a channel on chart which the price may move in it for a while
And also consider Bitcoin trend before or during your investments
According to my last idea about SLPUSDT : After 25% growth it dropped below the support and broke it so Any Support Level Can Be Broken
Slpcoin
SLP (4H) OUTLOOKFrom my analysis, it will drop to 612 area and recover suddenly to 850 area, then to 1149, that is when i can check if it will head for 1359 of not.
Notes:
1. If price drops below 601, it may not come up quickly.
2. Equal highs has a way of bringing price back to itself.
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SLP (4H) WAIT IS OVER - #SLPSmooth Love Portion Coins 4H have held down investor's cash for sometimes now and i think that wait will come to an end this week.
From the current price actions, SLP broke out of structure on 4-Nov, made a move upside until 0.1350. I tell you what? this move needs to be corrected until 70%-88.60% of its FIBONACCI level.
If you check your charts you will see clearly that price have hit and exceeded this level but not below 100% yet which is a strong indication that price will reverse abruptly in no time.
Pay attention:
1. POTENTIAL BOS - Am looking to see price break out of this level and quickly head to correct the OB level for the downside BOS.
2. OB + TARGET 1 - This is the level i expect price to reach before any halt for retest. It makes sense to buy some positions now and close them at this level while waiting for your already open positions to turn green (quick money)
There are chances that price will just blow past this OB+TARGET level for EQH. I try as much as possible to react to price action rather than predict them, hence I will keep updating the situation when it see changes.
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SLP Revised Outlook🔥🔥🔥🔥🔥🔥🔥if the current price bar does not cross the low of the previous price bar, then we stand a chance of riding the wave with good odds of success.
Always secure your profits when you get a good move please, go back in when you see another nice opportunity.
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SLP INCOMING HOOGE RISE TO $0.24 & BEYONDSmall love portion (Slp) has started showing signs of an uptrend(double bottom pattern at the base of the chart) after it's failed to exhibit signs of a safe haven coin which lasted for three months.Presently, the rate of investment on this coin has been steadily surging and it's a good time to buy so as not to miss out. The analysed date for the uptrend should last for a month or more if we'd see a new ath in slp. The main Resistance levels are $0.096 and $0.11 while the support level is $0.058.
Trajectories of these s\r levels have been provided on chart. You can drop a line if you've got questions.
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SLPUSDT- A good opportunity for bullsTwo days ago, Slp has broken above 0.08 resistance and spiked to 0.14 zone.
Now the coin is in a correction and is confirming this break.
A new leg up could follow from this point and we can see it traded around 0.15
I consider this drop a good opportunity to build up longs and I will remain bullish as long as the price stays above recent higher low
Smooth Love Potion Elliot Wave AnalysisThis article is not financial advice. There is no guarantee that you will earn money using the techniques and ideas of my analysis.
Here's a quick look at my analysis of SLP/USD on a 1D chart. Using the Elliot wave, we can see here that wave 1 has formed a three soldier candlestick pattern which is a good sign of trend reversal. The First three candles bounced at the resistance area, followed by wave 2 and made new support. Assuming that the next bullish candlestick is the third wave, we can estimate a forecast with Fibonacci extension from wave 0 to 1 extending to wave 2 to plot wave 3 which is typically at 1.618 of the Fibonacci. We can see that it will coincide with the next resistance at the 0.1132 price level. To get wave 4, I plotted a Fibonacci retracement from wave 2 to 3 and marked wave 4 at 0.382 of the Fibonacci and it eventually ended at the current resistance level. Lastly, I got wave 5 by using again the Fibonacci extension from wave 0 to 3 extending to wave 4 and plotted wave 5 at 0.618 of the Fibonacci. I adjusted wave 5 to hit the resistance area which is also a strong resistance.
NOTICE: If the price falls below wave 2, consider all these as voided.
DISCLAIMER: This analysis does not guarantee to be accurate, complete or fit for this market, please do your own research before executing a trade.
SLP is under the accumulation stageLegends & Scientists, Hi!
A picture speaks a thousand words?
Yes it does, and this is SLP.
Allow me to explain
Well first, on the daily, we have established a well rounded double bottom which is also a retest from the low of May 2021.
Moreover, the volume is now bigger than ever.
Yes, look at the below volume, that's what accumulation looks like.
This is a mid-long term hold on spot!
I would set a stop loss below the double bottom.