SLP/USDT . Falling wedge breakout soon?SLP is the coin from Axie Infinity game (AXS/USDT)
AXS itself is a good NFT project i think..
its a game that helps a lot people financial in vietnam (axie infinity)
from technical perspective
i think SLP/USDT is gonna break falling wedge pattern..
consolidate since around 12 july.. the longer the consolidate = the bigger gains when breakout
it's a good buy from this price / entry when it retest .
target will follow the arrow.
waddya think?
*not financial advice
Slpusd
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.
A closer look at SLP's Correction CountNo matter how much technicals show us that we are bullish, SLP's current economic conditions of supply and demand come to the detriment of any chart analysis.
The price has continued to stay in a corrective pattern.
With elliot waves count, this should indicate a near end to this ongoing correction.
Rsi and Stoch RSI are both showing oversold on 1h and 4h, while macd is just consolidating.
However this is all null due to SLP being produced at rates of 2.5x + than being burned.
The only thing that would save this downward trajectory is from Developer interference by increasing SLP required to breed, or any other SLP burning mechanism.
Price is hitting a big support area for now, Any price action below 0.1450 and we turn into really bearish territory in terms of price trend analysis.
There is no reason to be holding SLP right now, so anyone who gets it in their hands is usually instantly selling for cash rather than breeding. All this contributes to the downward trend.
Can investor's, speculators, or traders be buying here at this point? Maybe, the chart is right, but for what reason? There is really no incentive.
If for some reason we end up getting an upward trajectory in price, we would have to break 18c again to mark as an end to the downtrend.
Good luck and Good day
Can SLP token replicate the insane growth of AXSRecently, we made a series of ideas for the AXSUSDT pair, the price of which was growing very quickly and almost without recoil.
Today, the trading pair SLPUSDT got into our the horizon
Small Love Potion (SLP) Tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP and AXS tokens are assets of the same Axie Infinity game.
Looking at the SLPUSD chart, we can see that the price is consolidating at the top of the channel before a possible upward breakout.
Of course, one should not reject the possibility of a fall in the price of SLPUSDT for the lower support in the region of $0.19
However, we assume that SLP can repeat the strong growth following the example of AXS. And we set the upper goal for ourselves around $0.70
This idea is just our thoughts and assumptions, and not a call to action.
Take care of your deposits.
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SLPETH, long to 12000. Can go a train.Hi friends. I find interesting investing instrument for you. SLPETH have only 2M market cup and all supply satisfy at now. We can going up very quickly and target for bulls is 12000.0. Why 12000 because its close to listing price. Today binance market has very very strong bullish potential and i think SLP have a good change. Of course its risk because SLP didn't have a max supply value.
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