SMOOTH LOVE POTION - SLP/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	SLPUSDT
ISIN:

SMOOTH LOVE POTION - SLP/USDT - Weekly - Technical analysis published on 06/04/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 0.002841 USDT

My targets

0.001931 USDT (-12.44%)

0.001719 USDT (-22.03%)

My analysis

SMOOTH LOVE POTION - SLP/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.002841 USDT. The next support located at 0.001931 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.001719 USDT. Below this support, sellers could then target 0.001370 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SMOOTH LOVE POTION - SLP/USDT price is 0.002205 USDT. The price is lower by -0.77% over the 5 days and was traded between 0.002112 USDT and 0.002220 USDT over the period. The price is currently at +4.40% from its lowest point and -0.68% from its highest point.

0.002112

0.002220

0.002205

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SMOOTH LOVE POTION - SLP/USDT:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of SMOOTH LOVE POTION - SLP/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Weekly

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish harami cross

Type : Bullish

Timeframe : Weekly

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.002205	0.003330	0.058210	0.095590
Change (%)	-	+51.02%	+2,539.91%	+4,235.15%
Change	-	+0.001125	+0.056005	+0.093385
Level	-	Minor	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.002078	0.002122	0.002164	0.002208	0.002250	0.002294	0.002336
Camarilla	0.002181	0.002189	0.002197	0.002205	0.002213	0.002221	0.002229
Woodie	0.002076	0.002122	0.002162	0.002208	0.002248	0.002294	0.002334
Fibonacci	0.002122	0.002155	0.002176	0.002208	0.002241	0.002262	0.002294

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001986	0.002049	0.002127	0.002190	0.002268	0.002331	0.002409
Camarilla	0.002166	0.002179	0.002192	0.002205	0.002218	0.002231	0.002244
Woodie	0.001994	0.002053	0.002135	0.002194	0.002276	0.002335	0.002417
Fibonacci	0.002049	0.002103	0.002136	0.002190	0.002244	0.002277	0.002331

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001370	0.001719	0.001931	0.002280	0.002492	0.002841	0.003053
Camarilla	0.001988	0.002039	0.002091	0.002142	0.002193	0.002245	0.002296
Woodie	0.001301	0.001685	0.001862	0.002246	0.002423	0.002807	0.002984
Fibonacci	0.001719	0.001934	0.002066	0.002280	0.002495	0.002627	0.002841

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):	38.20
MACD (12,26,9):	-0.0006
Directional Movement:	-1.494086
AROON (14):	-71.428571
DEMA (21):	0.001713
Parabolic SAR (0,02-0,02-0,2):	0.003446
Elder Ray (13):	-0.000254
Super Trend (3,10):	0.001308
Zig ZAG (10):	0.002206
VORTEX (21):	1.0050
Stochastique (14,3,5):	10.33
TEMA (21):	0.003238
Williams %R (14):	-88.10
Chande Momentum Oscillator (20):	-0.000672
Repulse (5,40,3):	-3.9851
ROCnROLL:	2
TRIX (15,9):	-1.9824
Courbe Coppock:	42.89

MA7:	0.002184
MA20:	0.002205
MA50:	0.002391
MA100:	0.002618
MAexp7:	0.002316
MAexp20:	0.002652
MAexp50:	0.011007
MAexp100:	0.041220
Price / MA7:	+0.96%
Price / MA20:	-0%
Price / MA50:	-7.78%
Price / MA100:	-15.78%
Price / MAexp7:	-4.79%
Price / MAexp20:	-16.86%
Price / MAexp50:	-79.97%
Price / MAexp100:	-94.65%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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