SLP
$SLP Still Bullish?A lot of you, including me expected $SLP to have a major breakout from a consolidation but that did not happen. Instead we saw $SLP decline back to 0.08 dollars. So what happens now? are we back to bearish mode? I say No, $SLP is far from bearish and a new bullish trend is just beginning. I can safely say we are on a bullish trend for variety of reasons.
1. We broke out of a fanchart las September 30 which signals a reversal from the previous trend.
2. We have consistently made higher lows since September 21 low which means we are on a trend.
3. We had a bullish MA Cross (50 and 200) on yesterday, Oct 9.
4. Volume analysis looks very bullish. We had high volume on sharp rising prices and low volume on corrections. Basically, If the price on the move back lower doesn't fall below the previous low, and volume is diminished on the second decline, then this is usually interpreted as a bullish sign.
So there you have it. No reason to worry. This bullish sentiment on $SLP will have a long way to go, We can potentially retest all time high and may go beyond it. Immediate target still at 0136- 0.140 which is atleast 70% from its Current Market Price.
That's it. Hold your $SLPs guys, we are just beginning.
🆓Smooth Love Potion (SLP) Oct-7 #SLP $SLPSLP has just found out the new support at 0.08$ zone and it could move towards 0.1$, 0.13$ and 0.18$ or even higher in this October. But if it loses this 0.08$ zone, it will come back 0.07$ and 0.06$ zone again
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.08$ zone
🔴Buy : 0.08
🔴Sell : 0.1 - 0.13 - 0.18
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.08$ zone
🔵Sell : 0.08
🔵Buy : 0.07 - 0.06
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
$TRXUSDT ew Count i am looking at is like this . $TRX $BTC$TRXUSDT ew Count i am looking at is like this . $TRX $BTC
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Why Tron?
Since TRON protocol does not rely on proof of work or mining, instead governed by nodes located around the world, it is decentralized while providing high throughput for transactions on the blockchain. This is suitable for dapps that require high speed transactions especially games. There are a number of tokens already issued on the TRON network and the decentralized exchanges TRX.market (www.coingecko.com) has launched.
On July 24th 2018, TRON acquired BitTorrent, one of the largest P2P file sharing protocol. As a result of the acquisition, BitTorrent Token (BTT) (www.coingecko.com) was launched as the cryptocurrency to power the economics on the BitTorrent network. The Token will be used to inceltivize file sharing and storage within the network.
SLP symmetrical trianglenow on breakout-resistance level AGAIN, could bounce down again, indicators high on 1hr, could roll over and pull back,
on 4 and 6hr bullish, on 8h SRSI looks like it wants to print golden cross
SMA 20 and 200 hourly on great position for a move up.
possible symmetrical triangle forming
Entry ideas on chart
Good luck traders
want quick profits?If you're here it probably means you do just like me.
So here's what I've dug out,
first look at the volume at the bottom of the chart
Second the chart seems to indicate that a REALLY insane pump will take place right around the corner if it successfully holds the current trend for 3-4 days.
thirdly, the chart simply looks like a giga double bottom forming.
and lastly, there's the Fib 4.236 looking primed up for a price increase.
**DYOR** This chart is only one data point and my personal forecast based on what I see, don't make an investment based only on this chart.
SLP showing its directionBINANCE:SLPUSDT is showing signs of going to the $0.09 price level. From there, most likely it will retrace back to $0.0864 and then have an explosive run-up to $0.0953
You can simply enter long and wait for $0.0953 to take profit or you can enter long, take profit at $0.09. After that place a short trade with take profit at $0.0864 and then go long again (as the arrows suggest).
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SLP short term tradeSLP - Smooth Love Potion is used for purchasing stuff in Axie Infinity game as I know, and it looks like a quick trade is on the table.
It might follow the last pump of AXS for a 50% quick gains.
Momentum showing divergences, high volume and a volatile move might be close. Wouldn't hold on to it for long and with a close stop, it might be worth the risk.
DYOR
Peace
SLP on a non-stop downtrend?This token is indeed trash in it's essence. since it has an infinite supply of tokens and is an in-game token. as you can see on the chart there is no defensive move or support from the bulls. Bears are dominant on this token in the complete absence of bulls. it is now on it's last line of support, if it loses the support level go short and stay short.
Don't mind the R/R Item on the chart it's bugged and i couldn't remove it from the chart.
What's your opinion about SLP?
Smooth Love Potion (SLP) - health report on the 4HA few days ago I posted about an SLP swing trade, yesterday we saw SLP make a breakout. Time for a health report on the 4H.
Positives:
OBV is above key level and trending positively
OBV Bullish divergence in the last 24hrs
RSI hidden Bullish divergence signaling a continuation of up
RSI on trend and resetting above 50
Price is retesting and resetting on last swing high before breakout on the 4H, very healthy sign if it holds at the close of this candle
Might still be an opportunity to enter this trade on successful retest. Look for buy setups on lower time frames
Obviously want to get in as close to that swing high level as possible, and set a tight stop loss. BTC is at resistance, and market could take a down turn.
Hard to tell how SLP will react (particularly with SHIB stealing some attention)
Looking long, feeling good so far