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Slpusdt

SLP 3 day stiill intact and cant go much lower, heres why?SMOOTH LOVE POTION (SLP) 3 day chart: This long consolidation period has been going on for 75 days straight inside my purple box. now the last 2 days was the first time it fell below the consolidation box. We do have the Hard Support Line listed and take a look at the RED circle, thats where the DeMark 9 reads again another bottom and its just at the bottom of the box line...it must hold this and move up... The Total 3 chart is still showing ALT coins are at the bottom...stay strong and make good decisions and watch that purple box, when SLP breaks out of the BOX, we could have a huge run up to all time highs.
Long
by bylerzone
6
$SLP Prepare for a potential bounceThe SLP showed constant improvement after that its price drops to below 0.016 and Bulls could held price above support area , currently looks ready to bouncing from the bottom supporting zone.bulls Looking for the rally if we do flip above 0.0170📈 if we lose our support zone that is between 0.01520 and 0.01590 zones , we can see more correction tooward 0.012~ 0.013. and if the price stays above the support Zone, then we can see more bullish move to above 0.02 Setup is invalidated if Support gets lost and price move below the major support area Happy trading 🌷
Long
by farzan260
4
LUNA daily is setting up just like I charted last week!LUNA, Daily Chart: This Chart is standing out to me currently. DeMark9 Indicator is reading "BUY" The 100 day ema is support, 50 day ema is first resistance, and Hull Suite is the 3rd resistance. Its above the Bull Market support band.. .Rsi is reading Bullish Divergence. Its Go Time! Look at the Circled % gains on the right side. UPDATE 4-19-22 Look at LUNA GO! broke the 100 & 50 day ema in 1 move and found 50 day ema as support. Luna is moving with this chart set up beautifully. UPDATE 4-21-22, its now formed a Bull Flag and sitting on the 50 day ema...look for a move to the 7.86 Fib Golden Pocket.
Long
by bylerzone
2
SLP BURN RATE INCREASEA few things to look at here on SLP. 1) Apparently there are going to be some new ways to burn the coin here soon within the game. This could be a very good sign for higher price action but until this happens, we still need to be cautious. I have noticed recently that the burn rate has increased and the mint rate is decreasing, but only marginally. 2) It looks like we are trying/have found support back at the green box I have mentioned in my previous posts. This is a good sign because it could indicate a double bottom and the last time we tested this box we had a decent move to the upside. This does NOT mean that we are going to break previous highs. As of now this is just a bounce. I have also adjusted this box to better fit the price action. 3) If we do find strong support here, it needs to shoot us above the previous highs as well as the ichimoku cloud on the daily. SLP has a relatively narrow window to do this as the ichimoku cloud is starting to widen again. A break above the cloud and a positive retest of it could indicate we are starting to form a new uptrend. We really need to see something like scenario 1 play out. 4) We are currently trading below a red spread on the daily chart EMA ribbon. It is worth a note the spread is relatively small so we shouldn't have too much of a problem breaking to the upside. If we cant manage to break it this could be very very bad as it will widen on the next move down, which would likely be scenario 2. 5) We are currently holding support from the .618 on the fib retracement. I'm relatively neutral on this but the burn rate mechanism implementation is likely to make the price go higher so i'm siding with the bulls on this one, as of now. As always this is not financial advice and always do your own research before entering the market.
Long
by MarketM8ker
4
SLP | Descending Triangle PatternThe price will continue to fall, a fact that will be confirmed if the BTC breaks its current support. Within the game, according to the roadmap, the "lands" mode was expected in 2019 but devs repeatedly announced its delay. Sky Mavis indicated that they would publish this mode in December of this year. The amount of SLP held is immense. Selling pressure is a giant monster that we will have to destroy before thinking of better days. Sky Mavis would have to focus its efforts to make the game more and more profitable and economically functional. The current chief designer of the game indicated that his intentions are to make the game a hobby and not a source of income, which will further destroy the situation.
Short
by jamt_jamt
3
SLP CRITICAL LEVEL HAS TO HOLD There are two scenarios I have outlined that could potentially happen in my opinion. 1) We really really REALLY need to hold this green box as support and break above previous highs so we can make our way out of the ichimoku cloud and start an actual uptrend. As of right now, SLP has been generally trading sideways for the most part. 2) If SLP manages to do this, we could very well see a move to around 6 cents. 3) We will need to break above the 200 day moving average (blue line) as well, which is pretty important for most cryptocurrencies. 4) If SLP breaks this green box of resistance to the downside, we could very well sweep the low again. 5) This is not financial advice and always do your own research before entering a trade.
by MarketM8ker
1