SLP will follow the trendBINANCE:SLPUSDT
SLP will follow the trend and here is local targets for this meme coin
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Possible Targets and explanation idea
➡️Around 270 since drop in February (Fib is relevant)
➡️179 Days in accumulation area with retest -0.618 lvl
➡️Accumulation during all this period by whales. Direction indicator under chart with green accumulation zones
➡️No signal to sell on D1 timeframe on Direction indicator
➡️Possible dash line is trend for correction minimum to 0.38 lvl by fib. Target for next few months
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Slpforecast
SLP SLP SLP SLPbuy long!!!
wait for the price to accumulate at the bounce area.
patience is the key, dont position and stop chasing the market
let the market chase you.
Description already at the picture.
Butterfly pattern
slp making new all time low
and by June or this May, Price of slp will go up no fcklng lies
Market structure already telling where the price will go.
Always use stop loss and small leverage
Margin must be okay for you to risk, Risk management is a must.
SLP may rally up to 570%After a swing failure pattern, SLP went into an 8 month long corrective wave pattern as you can see in the above given chart which ended with a 4x rally last month.
1) A daily close above 0.0195 can give you an entry.
2) A daily close below 0.01733 can get you out.
3) Stochastic has crossed up.
4) Accumulation and/or contraction zone is about reach a break point (based on volume)
5) Very high 24hr trading volume (see on CMC)
Targets can be seen as 0.618 the green box and further extension levels.
Trade Safe!
DYOR this is not a financial advice.
What is the reason for the growth price SLP and where to sell itIn the last week, SLP holders like us and not only us are very happy with the price growth.
The value of SLPUSDT is growing daily +40-70% and is already beginning to move into the euphoric stage. Although before that the value of SmallLovePotion token has been falling steadily for a little over 6 months and this unsuccessful investment has already been buried in the minds of many.
So, without emotions, let's try to determine the reason for the current growth and where to say goodbye to your SLP.
What triggered such a price jump in SLP, we don't know, as well as where it may end. So, everything that will be written below is a mixture of facts and our assumptions:
1. On 27. 01 .22 the developers of Axie Infinity released a control token, Ronin, for their robot battle game Sky Mavis.
But in a tweet they were just bombarded with messages like: You guys are great to release something new, but maybe somehow support SLP from such a steady depreciation.
Ron is now trading at around $3. In our previous SLPUSDT ideas, tradingview users wrote in the comments that they are trying to farm Ron while SLP is in drawdown.
2. SLP issuance has not been limited yet, there is no upper limit further, and as of 10/02/222 they are just over 4bn in circulation.
3. The trading volumes are now 8-10 times higher than they were 2-3 weeks ago, and most likely these volumes are doing up by bots set up for pamp. For the reason that growth doesn't allow deep corrections and opportunity to buy cheaper, hinting: buy now, because later it will be more expensive. But it's a very dangerous thing, especially with margin leverage , because we've all seen how the SLPUSD price can and can fall.
4. The first strong mirror level is around $0.06. That's probably where the first real fight between buyers and sellers will start, as they'll were bogged in SLP a lot of time ago and want to sell it off at zero or at least at a minimal loss.
5. We are also SLP investors, we wrote earlier about our not so successful investment, but it was for a small part of the trading depot, and we know how to wait for the pumping)
Frankly speaking, we do not want to sell our SLP earlier than $0.34-0.35 , but will be the price there, we will know soon.
- If the SLPUSDT price will end up in the range of $0.06-0.09 its market capitalization will be in the top 200, it is not serious, don't you agree.
- If it will succeed to rise up to $0.34-0.35 , token capitalization will be in the top 100.
- If this growth passes the mark of +1400% from the bottom and stops at $1.20 , the capitalization will be in the top 50 and will find +/- in the vicinity of the main token AXS capitalization.
- The maximum that fantasy now allows you to think about is around $2 per SLP , and the capitalization will probably not last long there, but still be able to pop into the top 20.
Please write in the comments your thoughts on what is connected with the growth of SLP price and where its top bar is possible.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
SLP - no price action-Still to dumping-Let Jump in depression Haha Who dont know this old girl. It seems to get good health for um word rally in this last leg of bull. I am going to put a very small portfolio pat into it and will forget it for 2 to 5 months. Expecting a profit of 2 to 5x in the short mid-term and if not successful then also I don't mind losing that small part of the portfolio.
Let's catch the fear with me ...... #SHITCOIN.
SLP 3D What it takes to make the price go upWe, like probably many of you, wanted to make money on speculation with SLP token, but as a result we became invested hostages.
Because we don't play a game where this token could be used, the maximum we can squeeze out of this investment is passive income by transferring tokens for staking.
The first wave of hype for gaming tokens has passed, and now there is a correction.
SLPUSDT price has been falling steadily for six months and the value has already decreased by -90% from the maximum.
During this fall we have made several long buys and froze 10% of the trading deposit allocated to the project P_S_trade to no avail.
Actually, to guess where the bottom of this fall - is equal to guessing the cards, so we're not going to do this.
We propose to share our opinions in comments, what should happen in Smooth Love Potion project and cryptocurrency market in general for SLPUSD to explode by 10 times. It is around $0.35 that we would like to fix part or even all the investment in this token.
First , the conditions we described in BTCUSDT forecast are fulfilled now to start at least minimal, but still alt-season.
Please take a look at it:
Secondly, we need to somehow limit the maximum number of coins to be issued, as long as there is no upper bar, they print as many as they need. The supply in the market will decrease, then the demand will naturally increase the price.
Third , sometimes crypto projects do denominations and similar maneuvers and after that the price of token or coin grows well.
Please join the thoughts in the comments under the idea, because in the discussion the truth is born.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
SLP (4H) OUTLOOKFrom my analysis, it will drop to 612 area and recover suddenly to 850 area, then to 1149, that is when i can check if it will head for 1359 of not.
Notes:
1. If price drops below 601, it may not come up quickly.
2. Equal highs has a way of bringing price back to itself.
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SLP Revised Outlook🔥🔥🔥🔥🔥🔥🔥if the current price bar does not cross the low of the previous price bar, then we stand a chance of riding the wave with good odds of success.
Always secure your profits when you get a good move please, go back in when you see another nice opportunity.
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SLP INCOMING HOOGE RISE TO $0.24 & BEYONDSmall love portion (Slp) has started showing signs of an uptrend(double bottom pattern at the base of the chart) after it's failed to exhibit signs of a safe haven coin which lasted for three months.Presently, the rate of investment on this coin has been steadily surging and it's a good time to buy so as not to miss out. The analysed date for the uptrend should last for a month or more if we'd see a new ath in slp. The main Resistance levels are $0.096 and $0.11 while the support level is $0.058.
Trajectories of these s\r levels have been provided on chart. You can drop a line if you've got questions.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates
SLP YOU WILL LOVE THIS CHART!SLP Targets 1/2 met and this is a lovely chart for accumulating.
Target 1 was $0.098 HIT
Target 2 was a wick to 0.14 HIT
SLP still has 3 more short term targets shown on the chart.
Long term target is Weekly TF Cup and Handle $0.80
Red lines are Major Support
Blue lines are Major Resistance
White lines are Targets, Trendlines, Patterns
Yellow lines are Elliot Waves, Arrows, RSI, Price Action
NOT FINANCIAL ADVICE!
Smooth Love Potion Elliot Wave AnalysisThis article is not financial advice. There is no guarantee that you will earn money using the techniques and ideas of my analysis.
Here's a quick look at my analysis of SLP/USD on a 1D chart. Using the Elliot wave, we can see here that wave 1 has formed a three soldier candlestick pattern which is a good sign of trend reversal. The First three candles bounced at the resistance area, followed by wave 2 and made new support. Assuming that the next bullish candlestick is the third wave, we can estimate a forecast with Fibonacci extension from wave 0 to 1 extending to wave 2 to plot wave 3 which is typically at 1.618 of the Fibonacci. We can see that it will coincide with the next resistance at the 0.1132 price level. To get wave 4, I plotted a Fibonacci retracement from wave 2 to 3 and marked wave 4 at 0.382 of the Fibonacci and it eventually ended at the current resistance level. Lastly, I got wave 5 by using again the Fibonacci extension from wave 0 to 3 extending to wave 4 and plotted wave 5 at 0.618 of the Fibonacci. I adjusted wave 5 to hit the resistance area which is also a strong resistance.
NOTICE: If the price falls below wave 2, consider all these as voided.
DISCLAIMER: This analysis does not guarantee to be accurate, complete or fit for this market, please do your own research before executing a trade.
Smooth Love Potion (SLP) - potential reversal swing tradeSmooth love potion has been in a 6 week decline, but volumes in the past week have begun to increase with investors paying attention to it, which is the first sign of potential swing trade. Now looking for further signs of confirmation
Positives:
It appears to have found a local demand level around 0.06, has bottomed on this zone a few times
Price trend has been broken and is holding stronger than previous breaks
MACD momentum is shifting in positive direction on D
RSI is attempting to break above trend, plus making a promising higher low. Also signalling a possible trend above the RSI 50 once again
Good volumes at possible bottom
Negatives:
OBV is still a red flag - I don't like to trade against OBV as it is a clear sign of investor confidence, but this could shift rapidly on the 4hr
Super bearish, can continue to trade lower and lower
Highly volatile, high risk high reward
I will looking for a strong close above the last swing high on the 4hr as marked on the chart, then looking for buy setups on lower time frames on retest
There is not much in the way of resistance for SLP, key levels I see are marked on the chart. But it could run quickly once it gets away
Highly volatile so trade this one safely. I will be providing updates on lower time frames to watch for health of any possible breakout
For Education Purpose ''Not Fınancıal Advise''The shown daily graph represents the positive disharmony which means that we may expect an increase for 4H graph. Additionally as we can see a big handle and cup formation and it support my idea strongly. I confess that I expect SLP may going up to nearly 0.71 level.
Good Luck.
SLP 1W Ready, set, go!Here is the weekly time frame chart of the SLPUSDT pair
Five weeks in a row, the SLP price was falling without a break, but the trading volumes were growing. That is, the coin is interesting for users, there was interest in it, but it's just not the right time for it to grow.
And now the sixth week is coming, during which the buyers began to act and aggressively buy back the declines, and the trading candlestick begins to gain the Pinbar image — a trend reversal candlestick.
This situation allows us to assume on two scenarios in the future:
1) the growth of SLPUSD in the range of $0.35-0.38 , where it is worth fixing longs, because in the future a deep correction to $0.16 may occur again. The next powerful shot is possible only at the end of the year and that, probably, if the cryptocurrency market is positive. Global targets: $0.71 and $1.10-1.20
2) If SLPUSDT breaks through and fixes above $0.40 , it will be safe to buy long again and keep it because the sellers will be strong and easily take the level of $0.71. Global target is $1.40-1.60
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