SMOOTH LOVE POTION - SLP/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SLPUSDT
ISIN:

SMOOTH LOVE POTION - SLP/USDT - Daily - Technical analysis published on 03/09/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 0.007277 USDT

My targets

0.009740 USDT (+23.34%)

0.058210 USDT (+637.12%)

My analysis

The bullish trend is currently very strong on SMOOTH LOVE POTION - SLP/USDT. As long as the price remains above the support at 0.007277 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.009740 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.058210 USDT as an objective. Crossing it would then enable buyers to target 0.095590 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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 rating is 0.007897 USDT. The price registered an increase of +19.49% on the session and was traded between 0.006481 USDT and 0.008579 USDT over the period. The price is currently at +21.85% from its lowest and -7.95% from its highest.

0.006481

0.008579

0.007897

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of SMOOTH LOVE POTION - SLP/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.002955	0.003593	0.007277	0.007897	0.058210	0.095590	0.351600
Change (%)	-62.58%	-54.50%	-7.85%	-	+637.12%	+1,110.46%	+4,352.32%
Change	-0.004942	-0.004304	-0.000620	-	+0.050313	+0.087693	+0.343703
Level	Major	Minor	Major	-	Minor	Minor	Major

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	0.005003	0.005556	0.006083	0.006636	0.007163	0.007716	0.008243
Camarilla	0.006312	0.006411	0.006510	0.006609	0.006708	0.006807	0.006906
Woodie	0.004989	0.005550	0.006069	0.006630	0.007149	0.007710	0.008229
Fibonacci	0.005556	0.005969	0.006224	0.006636	0.007049	0.007304	0.007716

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001721	0.002689	0.004394	0.005362	0.007067	0.008035	0.009740
Camarilla	0.005365	0.005610	0.005855	0.006100	0.006345	0.006590	0.006835
Woodie	0.002091	0.002873	0.004764	0.005546	0.007437	0.008219	0.010110
Fibonacci	0.002689	0.003710	0.004341	0.005362	0.006383	0.007014	0.008035

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001465	0.002130	0.003219	0.003884	0.004973	0.005638	0.006727
Camarilla	0.003825	0.003985	0.004146	0.004307	0.004468	0.004629	0.004789
Woodie	0.001676	0.002236	0.003430	0.003990	0.005184	0.005744	0.006938
Fibonacci	0.002130	0.002800	0.003214	0.003884	0.004554	0.004968	0.005638

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	77.07
MACD (12,26,9):	0.0009
Directional Movement:	32.386259
AROON (14):	100.000000
DEMA (21):	0.006487
Parabolic SAR (0,02-0,02-0,2):	0.004964
Elder Ray (13):	0.001628
Super Trend (3,10):	0.005008
Zig ZAG (10):	0.007949
VORTEX (21):	1.1820
Stochastique (14,3,5):	69.15
TEMA (21):	0.007058
Williams %R (14):	-12.25
Chande Momentum Oscillator (20):	0.003882
Repulse (5,40,3):	23.5212
ROCnROLL:	1
TRIX (15,9):	2.5495
Courbe Coppock:	142.56

MA7:	0.006651
MA20:	0.005018
MA50:	0.003886
MA100:	0.003482
MAexp7:	0.006545
MAexp20:	0.005381
MAexp50:	0.004331
MAexp100:	0.003642
Price / MA7:	+18.73%
Price / MA20:	+57.37%
Price / MA50:	+103.22%
Price / MA100:	+126.79%
Price / MAexp7:	+20.64%
Price / MAexp20:	+46.74%
Price / MAexp50:	+82.31%
Price / MAexp100:	+116.80%

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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