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SLP

Sad news for SLP/USDTBased on what I said about latest surprise move by Bitcoin, SLP/USDT broke below the trendline I discussed lately. Because of that, I decided to sell 0.25 of SLP tokens. Although SLP has bounced sharply from 0.618 Fibonacci level, I expect a retest of $0.0170 which lies around 0.786 Fibonacci level. However, if and only if SLP/USDT breaks above the trendline again, I would re-enter on pullback. What do you think about SLP/USDT? Let me know in comments section. By the way, my analysis about Bitcoin is linked below, please check that out.
by arya3789
8
SLP to ~ $0.018 Alright we have quite a few things going on here with SLP. 1) Even though there's been news of Axie reducing coin supply to stabilize price, im still seeing in increase in supply by around 500,000 coins daily. That combined with decreasing demand does not make for a bullish situation at this moment. 2) We have rallied over 300% in about two weeks in combination with the daily ichimoku cloud touch. That cloud spans roughly 140%. This means SLP will have to rally another 140% with increasing daily supply just to break the bearish cloud. 3) We were in a beautiful bull flag on the 4hourly chart but the problem with this is the price made it pretty much all the way through the apex, which generally isn't a good sign. Especially after testing very heavy levels of resistance. 4) We have potentially a inverse cup and handle forming on the lower timeframes (4hr, 1hr) that would put the price right around $0.018. This also lines up with one of the very few major support zones SLP has charted in its lifetime, which you can see with the green box. If we do not react from here it is likely to go all the way back down to the price it was before this pump. 5) The 0.018 cent level also lines up relatively well to the .618 area on the fib retracement. A wick down to the green box would suffice. 6) This is not financial advice. Trade carefully.
Short
by MarketM8ker
Is this the end for SLP or.....?Hey there. SLP/USDT is hovering around 0.5 Fibonacci level and this triangle. With a break above resistance line, higher targets will be in sight, however, a break and close below the support line, recent gains might get completely wiped. I rather to be predictive rather than reactive and based on that, I chose to open a long position and set a stop-loss below the support line rather than wait for a break above resistance line. I hope you enjoyed this analysis. What do you think about SLP/USDT? Let me know in comments section. Cheers.
Long
by arya3789
Smooth Love Potion | The Path to 875%Smooth Love Potion (SLP) had a major breakout two weeks back and it is now entering its second wave. After the initial breakout we get a correction and then additional growth, this is marked by the red and green arrows on the chart. The sideways consolidation can vary, for example: 1) You can see a 7-9 days total correction and then prices go up. 2) Or, you can see 15, 20, 30 days total correction and then prices go up. In both cases SLPUSDT would stay within the previous low. 1) 2) Main chart above. Patience is key. Many more opportunities are developing. While the markets consolidate take the time to study. Support my work with your love, likes and comments. I'll be back again tomorrow. Thanks a lot for the amazing support. Namaste.
Long
by AlanSantana
11
SLP/USDTTarget coming . 15% profit for u . ...........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Long
by Crypto-IR
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Short
by Abtin00