Bearish Gartley May Be In Play After a Terminal Bar RejectionI will be targeting the major 1.13 extension of SLP's Lifetime Overall Trend for profit taking on this Hourly Bearish Gartley.
Price briefly peaked above the PCZ to get Overbought on the RSI but quickly settled back below the PCZ of the Harmonic this is the type of stuff we usually see after a Terminal Bar Rejection.
I will be entering the trade with a stop loss above the high
SLPUSDT trade ideas
SLPUSDT-LONGBased on technical factors there is a long position in :
SLPUSDT Smooth Love Potion
Score 3️⃣
🔵Long Now or set on Key Level 0.0220
🟢Target 1 0.0190
🟢Target 2 0.0175
❌Stop loss 0.0165
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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SLP, Some Fundamental Thinking on Axie's FutureSLP being a utility for a Metaverse game is a double edged sword.
Being it's mainly a reward function (as of now), I don't believe TA will have much influence here.
It will be the fundamentals that will drive direction, determined by the underlying game it's tied to.
Bullish Points
At any point, Axie could implement new mechanics and functions that bring demand back into SLP. They've already done so in a small way my limiting distribution according to MMR. The upcoming Axie Land update will be something to keep a close eye on as well.
Maybe they add an in game shop with NFT's or something. Maybe they allow skill reroll or trait mutations by using SLP to do so. Maybe Axie simply adjusts the cost to breed. There are a couple of economic levers they can pull to adjust SLP demand.
Bearish Points
Axie keeps SLP functions as is, allowing SLP to continue to mainly act as one piece of an off ramp to get paid for playing. This limited use case will continue to drive sell pressure IMO.
I understand its also used for breeding, but it's obvious that the demand from breeding isn't enough to affect price as it currently sits.
Axie incorporates another coin to drive game functions off of, further driving SLP stagnation.
Axie further stagnates, and people start to deem it no longer worth their time to play. People begin to cash out in an attempt to hold some form of value.
In Closing
IMO This coin will live or die on Axie's patches, updates and adjustments, not on TA.
Keep an eye on big updates like the upcoming Axie Land. It sounds like a lot new functions will be added, and I'm curious how many of these functions will be driven by SLP.
Could be an opportunity to get in cheap, or lose another 90+%. It's a real gamble unless you have an ear in on the dev team.
Not financial advice, just mad ramblings.
slp/usdt longCongratulations to the currency making team for making good money, but my analysis says that this currency can move up to the range of $ 0.1 and then we will see a bigger correction again. I have not tweeted, I have no doubt he will tweet in a few days
My friends, I need support. In fact, I have no money and for several years I have just learned the methods of analysis. Please, if you can help me, maybe my university tuition money will be adjusted.
I have a total of $ 200 :(
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trc20 usdt
SLPUSDT after hard fall we can expect a local pump nowAs we can see the price had deep fall and now here we can expect at least a local rise here and only after breaking the black trendline we can expect a pump and the market is then bullish for while but as we said breaking that black trendline for confirmation is needed.
DISCLAIMER: ((trade based on your own decision ))
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Elliott Wave Flat PatternThe Elliott wave flat pattern is onee of the core corrective pattern denoted 3 _ 3 _ 5. The first wave subdivides as a three wave labeled (A), the second wave also subdivides as three wave labelled (B) usually ending at or near the origin of (A). While the third wave labelled (C) subdivides into five wave labelled 1 - 2 - 3 - 4 - 5.
Once the correction ends, the pattern will be more than fully retraced. This is the case with SLLUSDT.
Evidence suggests we are at or near the completion of the pattern and the next significant move moving forward should be to the upside where the pattern begins.
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SLPUSDT, It can move like our route ...Hello guys
According to the chart and to our previous analysis of SLP, the price is pumping suddenly and make a long time to drop and going down
In here according to the last drop price, we need to have some correction of that drop and we expect the price that can rise up with exciting emotional.
SLP is the reward of the Axie game and until the token burn its not activate the price is droping droping and droping more but sometimes its going up to and then drop more :D :D :D
And because of that its not good for investment
If you have any question send us messages in private
Good Luck
Abtin
Previous analysis :
SLP / USDT. Dump 96% from highs. Should I expect something?Good afternoon everyone, speculators and investors.
1. The first thing I want to say is the aggressiveness of people who do not believe in this project and this coin. Under my last post, a lot of different opinions gathered, you can read it, but in general the picture is the same - people are not happy, people are losing money, closing a huge loss (on Twitter, the amounts vary from $ 10,000 to $ 250,000). I still don’t understand why invest in a coin if in half a year you close the loss? Interesting case.
2. What about the SLP painting itself. Globally - now I will not be surprised at anything. Dump, yes. Sell, yes. But it seems to me, in my subjective opinion and 3 years of experience, that the culmination is very close. SCAM is not SCAM, we figured it out in the last idea. Now, the capitalization is $ 61,787,614. It is possible to move upward by 1000% in a week (from the current ones it is clearly possible :)), if there is strong fundamental support. It is no secret that SAND and MANA are leading, in a falling market they show better dynamics than most coins. Therefore, AXIE, as a top-1 p2e game, will not keep us waiting long. The main token has also dropped in price, so the focus will most likely be on the SLP.
3. Upcoming update, adding 3D graphics, creating ORIGINS and a complete change in gameplay. Fundamentally, it is a powerful indicator for good growth and current market capitalization.
4. Now I will tell you about the goals. I bought in addition for 0.0250, another 500,000 coins. The main goal is $ 1. Further, it may be $ 10, since competitors have a price for a token of about $ 5. Again, this is my subjective opinion, IF YOU DO NOT PERCEPT IT, then please, I don’t need to report it in the comments as in the previous idea. Or well-reasoned criticism, or just go have some tea and see other ideas further.
Therefore, if someone wants to enter the project but is afraid, it is better not. Invest free funds that you may not touch for a year or two. Agree, comrades, sooner or later this rocket will fire, yes, maybe not now and not tomorrow, but there is nothing ever-falling, and the more we fall, the more chances we have to grow back, because someone accumulates and does not drain coins. There is nothing more to say. There is nothing on AXIE's twitter that hints at the next pump. From this I conclude that the pump will be sharp, so moreover, AXS and SLP will most likely grow together, as it has always been.
All in all, let's just watch. Those who are not in positions - watch. Whoever is in positions - wait patiently. There will be growth, even if not by the dollar, then 0.2-0.5 will definitely be. if the pump, as always, can be short-term. But do not sell coins if you entered at 0.1 or higher. The loss is big, and if you can not touch the invested money, then it’s better not to touch it :)
$SLP - Smooth Love Potion - Ready for breakout?I posted a chart with a long set up yesterday and managed to sell for a handsome profit. However, the long set up was swallowed up by sells and it turned into a bull trap. I can still see that SLP is forming a falling wedge, just made bigger so one to watch I think. I am in a long myself with a SL at the previous lows.