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Slpusd

SLP, whats next? BE CAUTIOUS!!!!When SLP was trading around the 0.023 range, I mentioned that we would likely come to the 0.018 cent region on SLP before experiencing some support. So what is next? 1) We have quite a large ichimoku cloud ahead of us. SLP would need to rally 190% from this point to have a bullish breakout from the cloud. As you can see SLP rejected almost too perfectly from the cloud at its recent high of 0.04 cents. 2) We have broken back below the daily ema ribbon. - Not a great sign IMO because this means we have flipped support into resistance. 3) The green box I have drawn is basically the last line of defense for SLP since it marks the only key area of support SLP has on this downwing we have been seeing. If it breaks this green box and flips it to resistance, its is very likely we go back to where it started before the pump around the 0.008 cent region. 4) Despite Axie claiming to reduce the minting of coins, the burn vs mint rate chart on their website indicates that there is substantially more SLP being minted than burned, at least to this date. This does not make for a bullish scenario as the market cap would have to continuously move upward at the same rate coins are being minted just to keep the current price action. I have two scenarios on the chart. I am more inclined to believe we will see something like #2 play out, however 1 could very well be a posibility. A "final shakeout" before more downside. I'm pretty bearish on this coin until the mint rate closer match the burn rate of these coins. Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
Short
by MarketM8ker
3
💥SLP CONSOLIDATION WITHIN 0.0168 & 0.0217 STILL ACTIVEPlease support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ Price has been in this range since 23rd February till date within $0.0168 & $0.0217. Price has tested this price level serving as support and resistance twice. Price is approaching the support at $0.0168 to test it the 3rd time. The question on our mind is will price break this support or rise to the resistance zone at $0.0217. There’s no answer to that yet. We need to wait for what price is going to do. Therefore, this is the possible direction to which it can follow. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
by PetrockFxTrading
2
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.
Long
by groveguy
6
💥SLP PRICE CONSOLIDATION🤔Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ Here is my new update on SLP. As highlighted on the chart, price broke out of the falling wedge and went straight into consolidation. Price has been rallying within this zone at 0.0186 - 0.0217 from 24th February till this current time. This question at hand is will price break the consolidation to the upside or downside? What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
by PetrockFxTrading
22
💥SLP - Target at $0.0141 still validPlease support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ This right here is a descending channel with two marked areas of support and resistance. Price is rising towards the upper trendline. If it reverse at this trendline, price will fall to $0.041. If it break upward from the channel, then this idea is invalid. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
8
💥SLP LIKELY MOVE - RISE TO $0.0195 & FALL TO $0.014Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ As I said in my last post on SLP, the target set at $0.018 has been hit. It needs to retest before continuing the bearish move. As highlighted on this chart, price has been breaking support/demand zones. Followed by a pullback and a bearish move. Therefore, I expect a retest to the breakout point at $0.0195 - $0.020, then a bearish move to $0.014. But if price hit the pullback region and it does not reverse, we may see price above $0.02. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
8
💥SLP - TO RISE TO 0.0227 OR FALL TO 0.018Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ The answer slp gave to the question i asked in the last idea is NO Instead of a bullish break out of the pennant, we had a bearish breakout. With this breakout, slp is totally bearish right now. The next target is $0.018. It can also rise to $0.0227 for a retest. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
10
💥SLP - TO FALL MORE TO $0.024📉Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ With respect my last setup on slp, price respected the setup and made a fall to $0.025 here👇 Here is what I expect next👇 Price broke out of a symmetrical triangle and it’s making it way to $0.024. When it reach that price, we’ll know the next price It’s heading to. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
13
💥WILL SLP BREAK THE BULLISH PENNANT?🚀Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ Right here is the bullish pennant pattern, very similar to a falling wedge pattern. I expect a fall to $0.022 and a rise towards $0.038. This can happen only if the support zone on the lower trendline of the bullish pennant pattern reverse price back to the upside. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
11
Sad news for SLP/USDTBased on what I said about latest surprise move by Bitcoin, SLP/USDT broke below the trendline I discussed lately. Because of that, I decided to sell 0.25 of SLP tokens. Although SLP has bounced sharply from 0.618 Fibonacci level, I expect a retest of $0.0170 which lies around 0.786 Fibonacci level. However, if and only if SLP/USDT breaks above the trendline again, I would re-enter on pullback. What do you think about SLP/USDT? Let me know in comments section. By the way, my analysis about Bitcoin is linked below, please check that out.
by arya3789
8
SLP to ~ $0.018 Alright we have quite a few things going on here with SLP. 1) Even though there's been news of Axie reducing coin supply to stabilize price, im still seeing in increase in supply by around 500,000 coins daily. That combined with decreasing demand does not make for a bullish situation at this moment. 2) We have rallied over 300% in about two weeks in combination with the daily ichimoku cloud touch. That cloud spans roughly 140%. This means SLP will have to rally another 140% with increasing daily supply just to break the bearish cloud. 3) We were in a beautiful bull flag on the 4hourly chart but the problem with this is the price made it pretty much all the way through the apex, which generally isn't a good sign. Especially after testing very heavy levels of resistance. 4) We have potentially a inverse cup and handle forming on the lower timeframes (4hr, 1hr) that would put the price right around $0.018. This also lines up with one of the very few major support zones SLP has charted in its lifetime, which you can see with the green box. If we do not react from here it is likely to go all the way back down to the price it was before this pump. 5) The 0.018 cent level also lines up relatively well to the .618 area on the fib retracement. A wick down to the green box would suffice. 6) This is not financial advice. Trade carefully.
Short
by MarketM8ker
Is this the end for SLP or.....?Hey there. SLP/USDT is hovering around 0.5 Fibonacci level and this triangle. With a break above resistance line, higher targets will be in sight, however, a break and close below the support line, recent gains might get completely wiped. I rather to be predictive rather than reactive and based on that, I chose to open a long position and set a stop-loss below the support line rather than wait for a break above resistance line. I hope you enjoyed this analysis. What do you think about SLP/USDT? Let me know in comments section. Cheers.
Long
by arya3789
💥SLPUSDT LIKELY MOVE- TO FALL TO $0.025Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ As highlighted on this chart, slp broke the inner trendline and It’s restesting back to the breakout point. I expect it to fall to $0.025 as the first target before we know the next possible scenario. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
24