SLP USDT ANALYSIS
>Candlestick forming a W Pattern in Daily TimeFrame
>RSI 14 Oversold area and formed multiple Divergence
>Volume increase
>Bollinger Bands 50 getting thinner an indication that it's about to explode/pump soon.
#1 Minor Support/Resistance @0.08-0.09 (Php4-4.5)
#2 Strong S/R @0.1200-0.1400 (Php6-7)
Will consolidate once hit
Just a possibility :D
>RSI 14 Oversold area and formed multiple Divergence
>Volume increase
>Bollinger Bands 50 getting thinner an indication that it's about to explode/pump soon.
#1 Minor Support/Resistance @0.08-0.09 (Php4-4.5)
#2 Strong S/R @0.1200-0.1400 (Php6-7)
Will consolidate once hit
Just a possibility :D
Note
Also remember, this coin is used to reward players in Axie Infinity, there's a possibility that players are holding their SLP waiting for the price to go up to a certain price then sell which may cause big drop again in price. Hope that the developer have a plan for this.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.