"SLP" logarithmic analysis
Please read this analysis to the end.
I will try to explain all the shapes drawn in the chart to you one by one.
This time I tried to check the chart logarithmically. But in the end, the results were the same by examining it non-logarithmically.
At the end, I will give you the link of the previous analyzes.
Well, let's go:
Yellow curve in daily logarithmic chart.
Even here, the rapid downturn seems to be over. And "SLP" is moving straight to get the energy it needs before prices rise.
Closer view in 4-hour chart:
Ascending channel in the daily chart:
Let's take a closer look at the 1 hour chart:
As you can see, we had a fake breakout and bullstrap.
I also found some diagonal lines that the price responded to nicely:
They can act as resistance and support.
In this picture, you can see that we are still in the price floor. Where most transactions have taken place and of course are still taking place.
And at the end of the previous analysis update:
The descending channel was broken.
We are currently moving straight to see what happens.
Let's see ...
I will try to explain all the shapes drawn in the chart to you one by one.
This time I tried to check the chart logarithmically. But in the end, the results were the same by examining it non-logarithmically.
At the end, I will give you the link of the previous analyzes.
Well, let's go:
Yellow curve in daily logarithmic chart.
Even here, the rapid downturn seems to be over. And "SLP" is moving straight to get the energy it needs before prices rise.
Closer view in 4-hour chart:
Ascending channel in the daily chart:
Let's take a closer look at the 1 hour chart:
As you can see, we had a fake breakout and bullstrap.
I also found some diagonal lines that the price responded to nicely:
They can act as resistance and support.
In this picture, you can see that we are still in the price floor. Where most transactions have taken place and of course are still taking place.
And at the end of the previous analysis update:
The descending channel was broken.
We are currently moving straight to see what happens.
Let's see ...
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