SLPBUSD
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.
MA Clutch upLast time all 4 MA lines clutched up. It made a massive pump over 200% in 11 days.
The same thing is happening right now. Target is 200% later, arround the red zone. Where the actual resistance lies.
Remember this is a wait game, not a race game. You need discipline to make these gains. It can happen any moment today or a month later.
Not financial advice. DYOR
Smooth Love Potion (SLP) - health report on the 4HA few days ago I posted about an SLP swing trade, yesterday we saw SLP make a breakout. Time for a health report on the 4H.
Positives:
OBV is above key level and trending positively
OBV Bullish divergence in the last 24hrs
RSI hidden Bullish divergence signaling a continuation of up
RSI on trend and resetting above 50
Price is retesting and resetting on last swing high before breakout on the 4H, very healthy sign if it holds at the close of this candle
Might still be an opportunity to enter this trade on successful retest. Look for buy setups on lower time frames
Obviously want to get in as close to that swing high level as possible, and set a tight stop loss. BTC is at resistance, and market could take a down turn.
Hard to tell how SLP will react (particularly with SHIB stealing some attention)
Looking long, feeling good so far
SLP 1W Ready, set, go!Here is the weekly time frame chart of the SLPUSDT pair
Five weeks in a row, the SLP price was falling without a break, but the trading volumes were growing. That is, the coin is interesting for users, there was interest in it, but it's just not the right time for it to grow.
And now the sixth week is coming, during which the buyers began to act and aggressively buy back the declines, and the trading candlestick begins to gain the Pinbar image — a trend reversal candlestick.
This situation allows us to assume on two scenarios in the future:
1) the growth of SLPUSD in the range of $0.35-0.38 , where it is worth fixing longs, because in the future a deep correction to $0.16 may occur again. The next powerful shot is possible only at the end of the year and that, probably, if the cryptocurrency market is positive. Global targets: $0.71 and $1.10-1.20
2) If SLPUSDT breaks through and fixes above $0.40 , it will be safe to buy long again and keep it because the sellers will be strong and easily take the level of $0.71. Global target is $1.40-1.60
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BUY SLP TP 1 :0.22
TP 2 : 0.24
TP 3 : 0.41
STOP LOSS : 1H CLOSE UNDER 0.141
TELGRAM CHANNEL : @professorcharts
Smooth Love Potion #SLP to 0.30$ ?#SLP has had a strong boom since the Axies Infinity Game became famous. It currently has a correction of -68% and is in an accumulation phase since the middle of July.
I see it risky to enter #SLP at the moment because a break in resistance has not yet been confirmed and there has not been a cross of SMAs shown on the chart.
I think it would be correct to keep an eye on this chart, since once the resistance break or the SMA cross is fulfilled it will be a good bullish confirmation that will take #SLP to $ 0.30 again.