Slpcoin
SLP/USDT For Hold / 1D
" For : Hold "
SLP/USDT - Rank#189 ( All Time Hight : 0.4191 )
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S1: 0.1167
S2 : 0836
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R1 : 0.1453
R2 : 0.1679
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Target 1 : 0.1679
Target 2 : 0.2312
Target 3 : 0.2630
Target 4 : 0.3449
Smooth Love Potion #SLP to 0.30$ ?#SLP has had a strong boom since the Axies Infinity Game became famous. It currently has a correction of -68% and is in an accumulation phase since the middle of July.
I see it risky to enter #SLP at the moment because a break in resistance has not yet been confirmed and there has not been a cross of SMAs shown on the chart.
I think it would be correct to keep an eye on this chart, since once the resistance break or the SMA cross is fulfilled it will be a good bullish confirmation that will take #SLP to $ 0.30 again.
SLP: A Breakout PossibilitySLP USDT UPDATE
So I decided to end SLP backlash tonight. Smooth Love Potion (SLP) holds a great value in itself, you can read the details about his project here:
coinmarketcap.com
TECHNICAL ANALYSIS
On the day of signal, SLP was mentioned to be bought in ladder under 0.24 - 0.32 range as it was obvious that breakout is due.
Due to the falling wedge pattern and candlesticks were on and above of 200MA reflecting that SLP is consolidating and soon will breach the current position resulting in a breakout.
However on the same day, the shift diverted from SLP to AXS (SLP is earned by playing AXS game) as the baseline investors pull the huge chunk of money and we have witnessed the huge breakout in AXS resulting in failure of SLP Breakout.
CURRENT POSITION
Due to suction of money from its blockchain SLP suffered a huge blow, however it's consolidating (mentioned in yellow boxes), the wedge is also prolonged.
On 9th August we have also observed SLP trying to breakout again but this time it failed again, the resistance was strong and breakout potential was low due to market abruption.
Right now it's in solid consolidation phase again, wedge is also close to sideways, chances of breakout for the third time are high.
However, for short term I still believe it can go a bit lower, let's say close to 0.15 to strengthen itself; the breakout is imminent and we can see the push towards $0.35 initially as it holds a major resistance level.
Current Support: $0.1705
Current Resistance: $0.1893
-Shoayb
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