SLPUSDT trade ideas
$SLP is turning resistence into support on daily 1D frameNASDAQ:SLP Smooth Love Potion is holding nicely over several suports
It is holding above 200MA 1D, above 200EMA 1D and above long term fib level
And it is retesting as a support the anterior blue resistence!
Bollinger Band is narrowing (gray) and there is also strong support from Visible Range Volume past trades (horizontal bars on right)
As the target of the down wedge has already been achieved (pink arrow), it may be forming a kind of a triangle on these last 20 days
SLP minimum Target????SLP Alternate scenario
In my previous idea in which I talked about the SLP impulsive wave(1-5) to ATH
in case, incoming waves are corrective waves(ABC)
C wave should be ended around wave "1" of Wave "C" (also retest pending)
So, the Final expected SLP Target should be (0.05-0.08) which was the bottom of July 2021(0.061)
Please make your own research.
not a financial advice
In my previous idea in which I talked about the SLP impulsive wave(1-5) to ATH
press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis
SLP Corretion in ProgressThe correction phase for SLP is likely still ongoing.
My primary count expects further downside for green wave V to complete the larger blue wave C.
The 100% extension level (at 0.002865) for blue wave C is the most probable target, occurring in over 70% of similar scenarios.
Invalidation Point: This count invalidates if SLP rises above 0.0062 without first reaching new lows.
slpusdtGood time
SLP currency was highly correlated with YGG
Due to the heavy drop and 500% growth of the WAG currency and the backwardness of SLP
I expect a good growth for this currency so that the backwardness of this currency will decrease compared to its fellow currency, buy spot with the recently created floor and be profitable.
SLPUSDTmore and heavy pump ahead soon we can expect more rise and pump here but first some correction and range or even short-term fall is expected maybe for a weeks but our last target is about 1200% rise from All time low support and soon we can expect this long-term target hit.
DISCLAIMER: ((trade based on your own decision))
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SLP bullish for the next few daysHidden bullish divergence in the 4h time chart. SLP is retraced back to the golden ratio levels based on the fibonacci pattern. We might go back to 0.006521 or to 0.006749 if it stays on the golden ratio levels.
Let's see for the next few days if my TA is correct or not.
Alikze »» SLP | Continuation of the 3rd or C ascending waveIn the weekly time, it has gone through a complex correction cycle, which has suffered a range for more than 623 days, which has faced a motivational wave with the bottom of the range of 0.001299, and finally, with the failure of this concentration, it is completing a pullback to the golden zone. If the green box area is maintained, it must touch the specified targets. According to the current momentum, it is currently in rising wave 3 or C, which will have the ability to continue moving up to the 1.618 Fibo range.
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SLPUSDT retracementA retracement before the 5th wave. 3rd wave is not extended. Higher possibility that the 5th wave might be extended. Confirmation comes with the break of the monthly resistance with a massive amount of volume.
If 5th wave is not extended, a wave 1 is to be completed with an arbitrary form of retracement. A 3rd major wave will be prepared.
SLP 0.008-0.010 looking too closeToo many users stuck in this coin
I am also a holder of SLP
and I m expecting a huge pump like XVG and SXP after the successful breakout of this triangle
all depends on BTC
NFA
DYOR
press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis
SLP/USDTHello guys
If the price does not lose the range of 0.04646, it can move towards the following targets: (If the range is broken, this scenario will be canceled)
TP 1 : 0.084
TP 2: 0.012
TP 3: 0.015
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
always make your analysis before a trade
it is not offer to trade.
good luck
SLPUSDT.PSLPUSDT.P is in bearis trend.
Potentially printing LH and LL.
No sign of reversal.
Sell short at CMP>
SLPUSDT SLP IDEASmooth Love Potion (SLP) tokens can be earned as rewards by Axie Infinity players through battle or adventure mode. SLP are tokens that can be used to breed new digital pets, known as Axies. It was formally known as Small Love Potion before the token upgrade to the Ronin blockchain.
The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth, and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace.
SLP paves the way to the concept of Play-to-earn which popularizes the Axie Infinity games among players who are looking to earn some money or participate in DeFi. It is especially popular in countries like Philippines.
Besides SLP, Axie Infinity has a governance token called AXS which players can use to participate in determining the future direction of the game.
✴️ Smooth Love Potion Classic Price ActionThis is similar to the pattern we described recently looking into ADXUSDT (AdEx).
I explain my reasoning in order to provide the learning part of the "experience".
We do learning and entertainment with these charts.
Today we have Smooth Love Potion (SLPUSDT) and a bullish chart based on many signals.
The consolidation pattern is followed by a bullish breakout.
The volume today gives away what is coming but I shared a trade days ago because I can anticipate the breakout based on past experience.
Jumping in before the actual breakout happens has its advantages and disadvantages. Advantage #1 is a better entry point. Disadvatange #1 is higher risk...
Ok, that's it!
You can get more information on this one by reading the related ideas.
Namaste.