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SLP / TetherUS

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SLPUSDT trade ideas

SLP struggle to break out and if that happen...#SLP/USDT $SLP is above the ascending trend line and tries to break out the ascending channel which is the same with resistance around $0.0054. 🐮 break out from this resistance will increase the price toward ascending resistance zone and in long term, we can expect the price continues uptrend move to touch the 0.382 fib level of the last weekly swing down. 🐻 nearest support is around $0.0043 that is the same with ascending support, and price should hold it for upward move
Long
by parissap
14
Smooth Love Potion #SLP $SLP (Jul-18)SLP is moving in a Symmetrical Triangle pattern and on July 13 it made a False Break, which is a sign that a breakout from the pattern on the upper edge is very likely. We can start accumulating SLP around $0.004 and wait for a strong rally at the end of July. The $0.006-0.0065 zone is the strongest resistance area that we need to pay special attention to. As long as it breaks through this zone, SLP will have very strong rallies. However, if SLP loses the $0.004 zone and breaks the lower edge of this Symmetrical Triangle pattern, we can wait to buy it back at the $0.003 zone for a recovery and it can fall sharply to the $0.002 zone to end the grand downtrend there.
Long
by CryptoStation
5
SLPUSDTHi again There is a possibility that the price can raise itself up to the yellow area, $0.00414! 1) We must not forget that the price range of $0.00358 in the daily time frame has been engulfed! 2) On the other hand, RSI has a positive divergence in the daily time frame! 3) Currently, in the one-hour time frame, the price inside a pattern is a triangle! Do you think the downward trend line will break upwards!!?!! I believe that according to the drawn scenario, we will have a downward trend up to the range of $0.00341, and if the price does not fall below the yellow range ($0.00319), there is a possibility of completing a wedge at the end of the descending channel.
by FiboTech
4