SLP - Might be good opportunity
These kind of new cryptocurrencies tend to go higher as in price, sooner or later. It is still in its early stages but can be taken in consideration.
BTC is currently in downtrend with evening star occurred in 3D timeframe. More drop of BTC could take SLP's price to 0.236 fib level which is 0.15, also on the daily there is some sort of bear flag forming atm which can take the price to 0.13 price. Price of control (POC) is at 0.13, so a test to that price wouldn't suprise me, it would also test the previous breakout. Currently, price is hitting its head to MA50 on the daily. Close below MA50 and 0.382 fib level (0.20 cent) would give the signal.
Entry at 0.15-0.13 area can be great buy. If alts go up from current price levels, current price of SLP (0.20) is also a good buy imo but I'm not gonna trade till I see the test of 0.15-0.13 area since this is a new one. First target is between 0.618-0.786 fib levels which are 0.29-0.35 cents but imo price can go to the 1.618 fib extension level which is 0.65 cent.
I would like to hear your opinions, thanks!
BTC is currently in downtrend with evening star occurred in 3D timeframe. More drop of BTC could take SLP's price to 0.236 fib level which is 0.15, also on the daily there is some sort of bear flag forming atm which can take the price to 0.13 price. Price of control (POC) is at 0.13, so a test to that price wouldn't suprise me, it would also test the previous breakout. Currently, price is hitting its head to MA50 on the daily. Close below MA50 and 0.382 fib level (0.20 cent) would give the signal.
Entry at 0.15-0.13 area can be great buy. If alts go up from current price levels, current price of SLP (0.20) is also a good buy imo but I'm not gonna trade till I see the test of 0.15-0.13 area since this is a new one. First target is between 0.618-0.786 fib levels which are 0.29-0.35 cents but imo price can go to the 1.618 fib extension level which is 0.65 cent.
I would like to hear your opinions, thanks!
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