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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.
Long
by kentwinston
10
SLPUSDt trade has achieved 2.5X growth.SLPUSDT trade has entered in supply zone area with exact entry point and achieved 2.5X growth. Trade will touch 78% fib level our Final analytical target. Just keep it mind that trade will be in the range bounded situation between 0.06-0.3 level. As it crosses 78% fib level then door will be open for big move. In other scenario we are seeing -161% fib level drop fall too to get high momentum. stay tune for more updates. Don't forget to share your comments and analysis for comparative discussion. If you like this idea then subs and click like button.
Long
by AussieLeader
2
SLP- 💕⚗️ Smooth Love Potion 👉by Axie InfinityAxie Infinity's success has been phenomenal. What is smooth love potion? Smooth Love Potion is a utility token used on the Axie Infinity ecosystem. Axie Infinity is a Pokémon-inspired universe built on Ethereum where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Well, I wouldn't say the chart is smooth. On the contrary it seems very volatile and that is not necessarily a bad thing if one wants to trade a bit... I see this price could rise. Hope you like the chart. One Smooth Potion of Love, the FXPROFESSOR
FTX:SLPUSDLong
by FX_Professor
6
Can SLP replicate the success of AXS? 🙄🚀🚀Smooth Love Potion (SLP) tokens are earned in the game Axie Infinity. As you know, the AXS project is very popular and on the radar of many. AXS has grown by over 100,000% since its listing. This is why so many people are getting interested in projects like SLP. You can see on the chart that the price is trading near its bottom. It is worth highlighting the trend line. The price is gradually approaching it. In case of breakdown, SLP can quickly enough reach the level of $0.12-0.15. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
38
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?
by Mr-Karimi-ir
9
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
Long
by jamoooo