SLPUSDT trade ideas
SLP looks like it is ready for some bounce on smaller TFswhite moving avg holding pretty well here - good potential for upside, also we can see broken channel trendline of descending channel, retracenemt after 300% almost hit 0,786 level.... i am for upside here
THIS IS NOT A FINANCIAL ADVICE
I AM POSTING IT JUST FOR EDUCATIONAL PURPOSES
MIR has a potentialWell unfortunately market sentiment is not good at all. Lot of ppl are scared because of war on Ukraine. Markets are bit unstable and it adds more fear to the market. Lot of retailers sold with loss scared a bit. There is a big opportunity to buy near to the bottom. U can see comparsion with SLP bottoming. PA is almost identical and also monthly chart of MIR has a huge potential - 100% gain is possible in March. BTC must stay stable without any bigger dump. Lets see. Always use stoploss and protect your capital first. If u need help lets add comment. Stay safe and Happy Friday to all :)
NOT FINANCIAL ADVICE - FOR EDUCATIONAL PURPOSES ONLY
SLP - Hypothetical Movements - 1HR ChartThe idea behind that is that we may double top now then
- Broke the nick line
- Get the targets of the double top
- Outside return to the 61.8% at 0.019 Zone
- Reversal from 61.8% to down 0.019 Zone
- Reversal from 1.27% at 0.015 Zone to 0.013 Zone
- Breaking all levels up to new structure highs
SLP is getting ready for a 500% explosion to the upside! Having noticed 5 waves up against the main trend (down), I have started tracking a new impulse bull cycle for SLP, where its on its way to complete bigger degree wave 2 (marked red), which can complete its downtrend around 0.618 - 0.786 fib levels.
From where I expect SLP to change course and start its uptrend to around $0.1
Heavy ResistanceHello, currently SLP is going downtrend. We can see how it react strongly on the 200 ema which is exactly at the supply zone on this 4H chart. Honestly I think it will drop to at least 0.012 and filling all the orders on the demand zone before going uptrend. Entry point: 0.009 - 0.012.
SLPUSDT near support zones and can pump againAs we said before strong support here formed based on Fib levels and we can expect more pump here if green support zones remain valid.
Notice: the black trendline is major resistance and only after a valid breakout to the upside we can expect a huge pump after that.
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💥SLP - Target at $0.0141 still validPlease support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
This right here is a descending channel with two marked areas of support and resistance.
Price is rising towards the upper trendline. If it reverse at this trendline, price will fall to $0.041.
If it break upward from the channel, then this idea is invalid.
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Smooth Love Potion Support Found? Recovery Possible!Remember my last trade idea for this pair?
I mentioned that after the first wave comes a retrace and then a new wave.
See it here:
Now, the second wave can be over and prices start to move up.
We have high volume today and the MACD remains strong...
It is still tricky though, as this can easily reverse to test new support before prices going up.
Here I am keeping it simple...
You can find the potential bullish path on the chart.
Namaste.