SLP has been in a downtrend for quite time. Recently price broke the downtrend line and now it seems a consolidation zone/area is forming; possibly a triangle one. If price breaks this area upward, it can be said that an upward move has started. Let's see what happens.
P.S. SLP may follow the behavior of that NAKA.
P.S. SLP may follow the behavior of that NAKA.
Bình luận:
SLP started an upward wave. Let's see if it can break the channel's upper band.
SLP started an upward wave. Let's see if it can break the channel's upper band.
Bình luận:
So, SLP broke the channel's upper line. Some correction, either price or time, is needed for continuation.
So, SLP broke the channel's upper line. Some correction, either price or time, is needed for continuation.
So the consolidation zone formed as a downtrend channel. Price bounced off the lower line, and it seems buy volume is increasing. Let's see if SLP can reach the upper line of this channel and possibly break it.