SLP - the global trend line is very close!A lot of guys ask to analyze the SLP chart. A global trend line has formed on the SLP chart. The price is down 90% from the high. This is a very big drop. If you look at it from a technical analysis point of view, a good buying opportunity could be after the trend line breaks. But SLP is a token in the AXS game and has unlimited issuance. This is negative on the fundamental analysis side. Be careful when buying this token and follow risk management strictly.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Slpusdt
SLP/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Since none of the charts have data prior to what is shown; I've drawn it out in the white squiggly line. If my count is correct, we should be reversing soon. As long as we don't go below .0125, the chart remains valid.
SLP - price hits an all-time low!!!SLP has been in a downtrend for a long time. It is worth highlighting that the price has updated its historical lows, in case of a false breakout there could be a very good buying opportunity.
Locally it is worth highlighting that a trend line has been formed on the chart. Breakdown of the trend line will be a good signal for continuation of growth.
At the top marked a resistance zone, you should expect a reaction from the sellers, you can fix a part of the position in this area.
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SLP UpdateSLP lost significant static support
We can use Fib retracement numbers ... which we are currently relying on to prevent further falls
And in general we are in a descending wedge that is currently operating at the bottom of this wedge...
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If you have any questions, you can write it in comments below, and I will answer them
One of the cleanest setups I could get, on $SLPChart is self explanatory.
Please manage your risk accordingly. (Disclaimer: Nothing is financial advice, DYOR!)
Kept is simple for you all.
Keep stop-loss at the red line,
add more on confirmation if if closes above the green line,
and don't forget to take profits on the yellow lines!
That's it! Trading isn't rocket science ;)
Don't forget to follow me (:P)
Patience Be Patient and keep buying.....SLP has a good Team than any other Token in this cryptocurrency world. Big Company Axie Infinity Online game
Patience is the key though, just keep buying. Buy before the Bull run
SLP will surely go back to $0.4 and beyond, It has been at this current price before, not new. People who are lucky to buy the dip now will enjoy the pump fruit. Patience, It is ready but no pump time frame, and sure Pump will happen.
You can check my old analysis if you think am wrong, All my old predictions were just perfect. Buy Low SLP for your own good and be in hurry to sell, let all wait for $0.4 and even $1 in 2022
ADA and XRP were like this last year, look at them today. Patience 🙏
SLP long positionSmooth love potion has reached its final support zone. If it break below here, there is no stopping it from going down to zero.
Apart from the support area, there is not much to say for SLP, but given the situation where this move looks exhausted, I believe this to be a worthwhile bet.
I'll look for a break of the red trendline and an increase in volume. If I see that, I'll enter with my SL set below the swing low.
What do you think?
SLP - new DOGE, SHIB competitorAlthough SLP is used primary as reward token on AXS platform, it also has some additional utility (breeding axies). Price is falling while RSI and VPT (volume price trend) are growing, that is usually very bullish (divergence) sign. That buy volume spike a few weeks ago should mean something. I am very bullish about this coin, but still... be careful. SLP has unlimited supply, and could fall if bitcoin grows or dives. IMO this coin could pull off SHIB or DOGE on exchanges in very near future. up to 10x short term price increase is completely possible, especially because of gigantic volume. Remember, this coin has 180M mc and trading volume could go over $1B a day. GOOD LUCK!
SLP/USDTSLP = GEM , Target : 0.16 Buy Before Exploding ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................