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SLP-USDT Update

SLP / TetherUS (BINANCE:SLPUSDT)  
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BINANCE:SLPUSDT   SLP / TetherUS
Trend Analysis Chart Patterns Bearish Engulfing resistanceline trendlineanalysis falsebreakout
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trendanalysis chartpattern bearishengulfing resistanceline trendlineanalysis falsebreakout
It seems like SLPUSDT had a false breakout and the resistance line is still intact. It is probably in a correction phase after a great run up.

There is a battle going on in the circled area.

A bearish engulfing pattern is present on the daily so can expect more downside action possibly to the 50DMA unless trendline is successfully broken with the retest of the line.



* Not financial advice. Please do your own DD.
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