Slpusdt
ZRX FORMING A RISING WEDGE BINANCE:ZRXUSDT is forming a rising wedge, or a bearish wedge potentially could see a reversal from a day trading standpoint.
In my technical analysis, the price has reached an essential key resistance level of $0.2720 or the .618 Fib retracement as shown in the chart below on a daily timeframe.
RSI indicator is showing a bearish divergence wherein it forms a lower high and the price forms a higher high.
Currently the price forms another higher high, the next resistance would be at $0.2967 if the price would push upwards based on the Fib retracement extension of 2.236. I could determine the next trendline as valid utilizing the back test process.
If you're looking to trade this coin NOW, use this diagonal support as guide. It also formed divergence as well.
If a breakdown confirmation happens, set partial take profits on the common support lines.
I will try to update on that :)
Always PLAN your trades and happy Halloween 🎃
SLP Looking almost as good as my wife when I bring the $ L8NITEHonestly, sometimes you see a beautiful chart. This is one of them. Notice the smooth curve (pun intended). I love when it looks like this. RSI going for 50 with impetus. Fisher and KDJ already screaming.
Anything could happen though, so with responsible, professional trading ideas you should have a SL. TPs shown as well... of course. Cloud is thin, when's a better time to attack?
SLP FOR LONGSAs you can see , my analysis are based on many strategies
first i've used the SK System to identify the first move and its correction
and it seems that the price already respected that area
we can see also a bullish divergence being formed
and combined with elliot waves there is the last move that should be upside
let the market do it work
Smooth Love Potion (SLP) forming bullish Gartley for next pumpHi dear friends, hope you are well and welcome to the new trade setup of Smooth Love Potion (SLP) with US Dollar pair.
On a 2-hr time frame, SLP is completing a bullish Gartley for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SLP is going up to the moonlook at the potential of Smooth love potion, it hasn't touched the top trend, it will be literally the biggest pump in this year. the advantage is so high.
I don't put all of my reasons on the chart anymore. but I can tell this for sure and I bet my life on it. it is time to long this and over time very soon, by soon I mean really soon it will pump. I'll tell you one reason why it is good time now:
look at the two major volume exchange for SLP
Binance and OKx perpetual
you'll find out ;).
$SLP/#USDT [#Smooth Love Potion]: BBandSqueezeWe've a Bollinger Squeeze on the $SLP/$USDT chart. The Bollinger Bands have narrowed, indicating a period of low volatility. A breakout from this squeeze could indicate a potential trend change. The next resistance key levels are at 0.003616 | 0.003959 | 0.00471 and the major support zones are respectively at 0.002865 | 0.002457 | 0.001706. We may consider buying at the current price zone at 0.003211 and targetting higher level.
- Technical Metrics :
-- Current price: 0.003211
-- 24H Volume: 5,532,688.0292 ₮
-- 24H Price change: 9.441%
- Pivot Points - Levels :
-- Resistance: 0.003616 | 0.003959 | 0.00471
-- Support: 0.002865 | 0.002457 | 0.001706
- Indicators recommandation :
-- Oscillators: BUY w/: 3 BUY - 0 SELL and 8 NEUTRAL
-- Moving Averages: STRONG_BUY w/: 14 BUY - 0 SELL and 1 NEUTRAL
--> Summary : STRONG_BUY w/: 17 Total Buy - 0 Total Sell and 9 Total Neutral