SMOOTH LOVE POTION - SLP/USDT - Daily - Technical analysis published on 02/10/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.021268 USDT
My targets
0.033134 USDT (+13.20%)
0.056375 USDT (+92.60%)
My analysis
The strong short-term increase in SMOOTH LOVE POTION - SLP/USDT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.021268 USDT, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.033134 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.056375 USDT as an objective. Crossing it would then enable buyers to target 0.095765 USDT. Caution, a return under 0.021268 USDT could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2
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Additional analysis
Quotes
The SMOOTH LOVE POTION - SLP/USDT price is 0.029270 USDT. The price has increased by +2.63% since the last closing and was between 0.028510 USDT and 0.031310 USDT. This implies that the price is at +2.67% from its lowest and at -6.52% from its highest.0.028510
0.031310
0.029270
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on SMOOTH LOVE POTION - SLP/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of SMOOTH LOVE POTION - SLP/USDT indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.020324 | 0.029270 | 0.095765 | 0.139600 | 0.210200 |
| Change (%) | -30.56% | - | +227.18% | +376.94% | +618.14% |
| Change | -0.008946 | - | +0.066495 | +0.110330 | +0.180930 |
| Level | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006970 | 0.012800 | 0.020660 | 0.026490 | 0.034350 | 0.040180 | 0.048040 |
| Camarilla | 0.024755 | 0.026010 | 0.027265 | 0.028520 | 0.029775 | 0.031030 | 0.032285 |
| Woodie | 0.007985 | 0.013308 | 0.021675 | 0.026998 | 0.035365 | 0.040688 | 0.049055 |
| Fibonacci | 0.012800 | 0.018030 | 0.021260 | 0.026490 | 0.031720 | 0.034950 | 0.040180 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005222 | 0.006973 | 0.008837 | 0.010588 | 0.012452 | 0.014203 | 0.016067 |
| Camarilla | 0.009706 | 0.010037 | 0.010369 | 0.010700 | 0.011031 | 0.011363 | 0.011694 |
| Woodie | 0.005278 | 0.007001 | 0.008893 | 0.010616 | 0.012508 | 0.014231 | 0.016123 |
| Fibonacci | 0.006973 | 0.008354 | 0.009207 | 0.010588 | 0.011969 | 0.012822 | 0.014203 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.037080 | -0.013839 | -0.001973 | 0.021268 | 0.033134 | 0.056375 | 0.068241 |
| Camarilla | 0.000238 | 0.003456 | 0.006674 | 0.009892 | 0.013110 | 0.016328 | 0.019546 |
| Woodie | -0.042769 | -0.016683 | -0.007662 | 0.018424 | 0.027446 | 0.053531 | 0.062553 |
| Fibonacci | -0.013839 | -0.000428 | 0.007858 | 0.021268 | 0.034679 | 0.042965 | 0.056375 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 79.31 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 38.019893 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.016681 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.012930 | |
| Elder Ray (13): | 0.012246 | |
| Super Trend (3,10): | 0.018666 | |
| Zig ZAG (10): | 0.029620 | |
| VORTEX (21): | 1.1982 | |
| Stochastique (14,3,5): | 79.68 | |
| TEMA (21): | 0.021309 | |
| Williams %R (14): | -10.21 | |
| Chande Momentum Oscillator (20): | 0.019610 | |
| Repulse (5,40,3): | 38.0986 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -1.4716 | |
| Courbe Coppock: | 154.60 |
| MA7: | 0.018694 | |
| MA20: | 0.013606 | |
| MA50: | 0.019294 | |
| MA100: | 0.037488 | |
| MAexp7: | 0.021000 | |
| MAexp20: | 0.016657 | |
| MAexp50: | 0.021663 | |
| MAexp100: | 0.038384 | |
| Price / MA7: | +56.57% | |
| Price / MA20: | +115.13% | |
| Price / MA50: | +51.71% | |
| Price / MA100: | -21.92% | |
| Price / MAexp7: | +39.38% | |
| Price / MAexp20: | +75.72% | |
| Price / MAexp50: | +35.12% | |
| Price / MAexp100: | -23.74% |
Quotes :
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Real time data
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Cryptocompare
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