SLP
Risking for SLP - Sweet Love potionThe Supply increase and Daily Dump was a everyday game for SLP specially When AXS was pumping SLP was Dumping But this 0.088 seems to be the floor from last 2-3 days supply has not risen I have an eye on slp price and supply both and news floating of supply management mechanism in Axie Infinity game for SLP might be done by The team hence,
Entering SLP on Spot here at 0.088 and 0.06 second entry if it gives an opportunity due to BTC volitality
targets 0.2 0.25 0.3 maybe new ath as this was the nft coin lagging behind in nft craze
one good news and it will blast as volume is also decreasing along with ronin integration by binance it will be easy for players to deposit into the game but conservative targets will be 0.25-0.3
SLP finally the end Please see chart for my analysis.
SLP is becoming more bullish.
Breeders are more and more profitable which will help burn more SLP than right now. They managed to adapt to new builds that are more adapted to arena gaming and provide higher ROI.
Exciting moments for the rest of the year 2021.
Follow for more updates.
$AXS/USDT 4h (KuCoin) Descending trendline break & retestAxie Infinity Shard looks good for bullish continuation inside the parallel channel after that reaction on 100EMA.
Current Price= 78.030
Buy Entry = 77.835 - 74.549
Take Profit= 85.936 | 94.426 | 104.592
Stop Loss= 68.948
Risk/Reward= 1:1.35 | 1:2.52 | 1:3.92
Expected Profit= +25.58% | +47.86% | +74.54%
Possible Loss= -19.02%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
SLP/USDT For Hold / 1D
" For : Hold "
SLP/USDT - Rank#189 ( All Time Hight : 0.4191 )
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S1: 0.1167
S2 : 0836
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R1 : 0.1453
R2 : 0.1679
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Target 1 : 0.1679
Target 2 : 0.2312
Target 3 : 0.2630
Target 4 : 0.3449
SLP, A HIGH-POTENTIAL TOKEN...!Hello everyone.
If you have bought SLP a few days ago, keep holding.
Here is the daily chart:
You see that we are on very strong support and waiting for a new pump.
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On BTC.D (bitcoin dominance) chart, we expect a strong downtrend during the next month. It demonstrates that the money is moving back to altcoins.
Like & share if you agree. Thanks
SLP 1W Ready, set, go!Here is the weekly time frame chart of the SLPUSDT pair
Five weeks in a row, the SLP price was falling without a break, but the trading volumes were growing. That is, the coin is interesting for users, there was interest in it, but it's just not the right time for it to grow.
And now the sixth week is coming, during which the buyers began to act and aggressively buy back the declines, and the trading candlestick begins to gain the Pinbar image — a trend reversal candlestick.
This situation allows us to assume on two scenarios in the future:
1) the growth of SLPUSD in the range of $0.35-0.38 , where it is worth fixing longs, because in the future a deep correction to $0.16 may occur again. The next powerful shot is possible only at the end of the year and that, probably, if the cryptocurrency market is positive. Global targets: $0.71 and $1.10-1.20
2) If SLPUSDT breaks through and fixes above $0.40 , it will be safe to buy long again and keep it because the sellers will be strong and easily take the level of $0.71. Global target is $1.40-1.60
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SLP let's going to moonThe value of this currency has sharply decreased after its uptrend and created a downward spike. After 40 days of continuous accumulation phase, we had the XABCD pattern in the 4H time frame. So, we can expect to grow as big as a XA chord after breaking the trend line top of the CD Chord in the harmonic pattern.
Due to the downtrend, the possibility of a sudden price return is a bit impossible, and then more time is needed to climb.
I think it can do ATH in a month.
Take-Profit Targets:
1) 0.2000
2) 0.2200
3) 0.2500
4) 0.2800
5) 0.3000
6) 0.3200
7) 0.3500
8) 0.4200
SLP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
SLP is around a daily demand zone in green and round number 0.1 so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H1: SLP is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, SLP would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Do You want your Capital grow by 200% ?Do you want your capital to grow by 200%? slp ---- slpusdt
There is a good opportunity to make a profit in the Slp chart
A very suitable and strong divergence is formed in Macd, which if a wedge pattern is broken, it can lead to a sharp Uptrend to the 0.4 usdt. ( 200% profit )
Just be careful to see the confirmation pattern Breakout after the Break of wedge and do not fall into the trap of a fake Breakout.
If you want to enter the position safely, after the Breakout of the pattern, wait for retest the pattern, and then enter the Bullish position with a Bullish Candle pattern.
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Thanks
Hamid Mojarad
Trader and cryptographer
Consultant and investor of reputable investment companies
NOT A TRIANGLE : UpdateHere are my thoughts:
On previous posts it was mentioned that SLP wasn't forming any triangle formation.
After that, when prices went lower, I entered on a support and got stopped.
For now, it seems that SLP is still struggling but it is near strong support area.
I updated the descending Log channel to the new data.
Right now, this is a good area to start with really small positions and dollar cost average.
I am not expecting SLP to go lower than 0.1 usd, so it is a safe area for long term holders.
For swing traders, wait for bottoming formation first.
Follow for more updates.