SLP (Smooth Love Potion)Confirmed Breakout to the upside?
SLP is currently testing the broken resistance thus turning it into new support. We need to see a bullish 4H candle close in order for this move to be valid. Moreover, the price is currently sitting at 61.8 FIB which is making a new HL (higher low) structure.
SLP
SLP/USDT - April05SLP will be able to touch price range (0.054 to 0.06) in Daily Time-frame.
If break this PRZ then It will go for mid-term targets.
but in 4H Time-frame needs to correction at least till fibo 0.38 - 0.618 then go for price range 0.03-0.04
If the trend line breaks, the uptrend ends
always make your analysis before a trade
it is not offer to trade.
good luck
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Smooth Love Potion | A Closer Look (4H Timeframe)Here we can see that SLPUSDT (Smooth Love Potion) is getting ready to continue straight up...
After the initial breakout yesterday, we can see only two red candles as retrace and now immediately we see additional growth.
We have really good strength, so we can expect the next Fib. extension level to be hit right away... Notice the green arrows.
The blue square on the chart is for support.
Namaste.
SLPUSDT 35% Profit done so far with 1x. This chart is in logarithms grids. Looks like the Cup&handle pattern neckline target is 0.040. Once break and flip at 0.040 level upside then we're going to higher n higher again. And the target would be 0.094, 0.1345.
Manage your own risk accordingly with this setup.
SLP/USDT strong potential in parallel of AXS (Update)SLP/USDT strong potential in parallel of AXS (Update) - 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. The recent bullish price action is reinforcing now a new upside acceleration dynamic (RSI + EMA).
Previous analysis - 10/02/2022 :
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 0,0560 (Lin scale) before 0,0910 (Log scale) 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 weekly close.
Update :
(i) accumulation bullish momentum in dip (area possible 0,0215/0,0150) as been done
(ii) As long as 0,0170 remains a key tactical support valid the market is expecting to raise directly now towards 0,0560 Before 0,0910 (= 3780 ETHUSDT resistance equivalence on current level)
Related analysis (AXS) =>
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Wyckoff ReAccumaltion in SLP? Possible bullish Although SLP has unlimited supply, technical analysis is still working in this coin. wyckoff pattern was shown last time in SLP and works properly
As you can see it works here..
Now we need to complete the Wyckoff Re-Accumulation. LPS & SOS should be visible in the next few days so SLP will go up again after this.
This will be also possible since end of MARCH origin version 3 will be launced in Axie games which will increase the investors, players and breeders. Plus new burning mechanism of SLP is on the way this year. So even in fundamentals this is a bullish news. :-)
PLEASE DYOR and this is not a financial advise. Make this chart as a guide only and do your personal TA.
VRA daily chart is going to RIP your face offVRA Daily Chart:
This chart is seriously the most interesting
chart i see...It has had a huge Bull Pennant,
huge Head n Shoulders, Multiple sets of Adam and
Eve formations, Fractals have been super
bullish...leading into where VRA sits now...
Busted bullish thru the bearish descending
Trendline and what led that was a bullish
Adam n Eve to a perfect bullish Cup n Handle.
price targets listed...This chart is as sexy as it
can get...what for a face ripping bullish move.
SLP | Trendline Getting Weaker, Expecting Breakout..!!
#SLP (update)
Major Trendline is Getting Weaker, Expecting Breakout so Don't miss the Ride..!!
If Trendline Resistance got Cleared, Expecting +300% Bullish Wave.
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SLP: READY FOR PUMP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this SLP/USDT TRADE setup. SLP looks bullish here.
Reasons for Buy SLP here:-
1) SLP is breaking out from a broadening descending wedge formation.
2) It breaks out the upper trendline after 8 months.
3) It also breaks and trade above 50D ma.
4) After the breakout, retest is also done.
So overall it looks bullish and I'm expecting a big move from it. Buy some now and add more in dips.
Entry range:- $0.19-$0.21
Target:- 300%
SL:- $0.16
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SLPHidden bearish divergence and bearish butterfly pattern at 1H TF. We might dip to around 0.0201 and 0.0196 . From there it will create a bullish butterfly pattern. We will bounce from that level and reach 0.0208 and 0.0211 . If we get a candle close above the bullish pennant pattern, we will most likely go back to 0.0220 .
SLP flag and ab=cd pattern#SLP/USDT
$SLP is inside a parallel channel that can act as flag pattern.
🐮 price can drop to support zone around $0.017 that is the same with lower line of channel and then head up to break out upper line.
breaking out of flag can increase price to resistance zones and if price going to complete AB=CD pattern it will reach $0.05.
weekly time frame shows price can increase to $0.07 and $0.12 or even more