Slpusdt
SLP (Smooth Love Potion)On a technical aspect, SLP is in a good bullish rally over the past week. Price has recently made an explosive move to the upside breaking a significant area (0.02). A break in this area is followed by a retest turning the previous resistance into support. Once we get a 4H candle close above this area we can confirm that the trend is still bullish.
Smooth Love Potion Bullish Breakout (200%+ Potential)Hello my dear friends... This is going all right.
First, let me show you the potential targets:
SLPUSDT (Smooth Love Potion) has been through the second wave and is now starting a third one.
We are aiming at around 1.618 or 2.618 fib, this is based on EW.
Now, looking at the daily timeframe, the main chart above, we have the indicators going bullish and a volume breakout... Prices moving above EMA50.
Caution
Please keep in mind that the market conditions can always change.
If you use this information for your trading, make sure to plan ahead of time in case things go the other way.
Prices can easily drop just as they can go up...
Here is my previous chart (14-March)
Thank a lot for your support.
Namaste.
SLP/USDT strong potential in parallel of AXS bullish momentumSLP/USDT strong potential in parallel of AXS bullish momentum - NFT Sector
Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies
SLP is also unique because of how it has become one of the few in-game tokens to be listed by Binance in its Innovation Zone. The exchange has reserved this trading category for assets “that are likely to have higher volatility and pose a higher risk than other tokens
Context:
Regarding the lake of historical data it for now not possible to present picture with a strong conviction - However the few technical elements and wave proportion can already leaning towards an interesting upside potential in parallel of the success on AXIE
here the view on Axie =>
Tactical view - 1 to 3 weeks
The fact that 3 key elements (EMA upside breakout, RSI 50% upside breakout and first Harmonic on 3H basis upside breakout) are already bullish pre-signal allow us to be confortable with a larger rise at least to test 0,0910 in order to complete the harmonic auto-similar move (action/reaction). The next target above 0,0910 are more to be consider for a strategic horizon once 0,0910 has been surpassed at least in a daily close.
As long as 0,0125 remains a key tactical support valid the market is expecting to accumulate bullish momentum in dip (area possible 0,0215/0,0150) to reach 0,0910
Enjoy
SLP WAVE 3SLP just reached 0.0235 which was my prediction in the bullish term. Using fib levels we we might dip more possibly to 0.0208 and 0.0192. If we bounce from 0.0208, we might reach levels: 0.0235, 0.0252, and lastly 0.0280. I am favorable on SLP bouncing from the current level due to a hidden bullish divergence in the 15M TF.
SLPWe might dip back to 0.0170 and most likely bounce from there. We might reach levels back to 0.0185 and possibly 0.0190. RSI resistance is being retested, we will know if we will bounce back or dip back inside the RSI triangle. We might also dip lower than 0.0170 which is 0.0162 due to the hidden bearish divergence.
- Hidden Bearish Divergence
- RSI resistance being retested once again
- Bearish Butterfly Pattern
SLP breaks trend line 🚀Based on the chart, the price has broken the trend line and stuck in the channel ✔️
and now
it is close to support area and the channel support ✔️
we can see more gain for the price 🚀
and
our next important resistance area located on the chart ✔️
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
SLP 3 day chart still in consolidation boxSMOOTH LOVE POTION (SLP)
updated 03-19-22
3 day chart...its gaining some legs
as well as some nice volume...lets keep
an eye on this Axie Infinity little bother
token.... prices and resistance listed. ITS continuing
to stay and close inside the consolidation purple box.
SLPUSDT, What should we do now ...Hello everybody
In these days im so busy and i dont have enough time to piblish new idea but i will come and check every of your energic and lovely messages in here and in my social account, thanks a lot guys
According to the chart and last analysis we expect the price that wanna start the correction wave and exactly happend and now we expect the price should have more correction because of the condition of market and its need to correct the rally movement that is happend in past .
if you wanna learn technic of analysis of SLP you check our last and previous analysis of SLP that how we can use triangle in the chart
Previous analysis :
If you have any question send us messages
Good Luck
Abtin
SLP Bullish for long termSLPUSDT has now candle closed above the falling wedge pattern. Bullish divergence appearing as well in the 1H TF. We might reach the following levels: 0.0204, 0.0217, and 0.0235. High volume rally back in February 10 and it has been a low volume correction ever since. Big pump is incoming. If you bought SLP at the previous dip, it would be a 50% profit for short term and a 160% profit or possibly higher for long term. HODL SLPUSDT
SLP LIKELY MOVE - TO FALL TO $0.0145Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
With Slp market price at $0.0160, price has been in a downtrend since it broke downward from the consolidation. It’s making it way towards the next available support which I think $0.0145 is the next support level.
What do you think?
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SLP Danger zone Not much has changed since I posted about SLP a few days ago. I have linked my previous post below as everything within it is still relevant in my opinion.
Take this into consideration:
1) SLP has now flipped the green box I had from support to resistance, so I have changed it to red in color indicating a zone of resistance.
2) The longer we hang out below this box the higher the likelihood becomes that situation 2 will play out, however situation 1 could still be on the table.
3) AS LONG AS SLP ISSUANCE STAYS 10-15X GREATER THAN THE BURN RATE, IT IS HIGHLY UNLIKELY WE WILL CONTINUE TO MOVE UPWARDS!!! This is a key component to the price everyone seems to be forgetting. SLP still has a big inflation problem right now. The only way we can officially move into an uptrend is if the mint rate decreases drastically, OR if the market cap increases at a rate that is greater than the average current mint/burn rate. You cannot keep increasing supply of a coin by 10-15x its burn rate and expect an uptrend unless there are a ton of buyers. Basic supply and demand.
4) I know Axie is aware of the mint/vs burn rate problems but as of today they still exist. Until this changes i'm relatively bearish on this coin.
5) Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.