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Slpanalysis

Last Chance For SLP ?SLP/USDT Have many bad news in market 1st: A hacker stole $625 million from the blockchain behind NFT game Axie Infinity 2nd: Axie Infinity Was Losing Player Count Even Before the Crypto Hack And Many Other Bad News If SLP Can't Gain The Reputation Now Then SLP Will Lost Everything & Everyone Lost Everything. Already Many People Lost Their Money in this project Due to Hacking and Lost Their Game Levels ' Not Financial Advise Do your Own Research. If You Like My Idea Please Like , Comment & Share. Thanks.
Long
by Alish512
6
SLP Danger zone Not much has changed since I posted about SLP a few days ago. I have linked my previous post below as everything within it is still relevant in my opinion. Take this into consideration: 1) SLP has now flipped the green box I had from support to resistance, so I have changed it to red in color indicating a zone of resistance. 2) The longer we hang out below this box the higher the likelihood becomes that situation 2 will play out, however situation 1 could still be on the table. 3) AS LONG AS SLP ISSUANCE STAYS 10-15X GREATER THAN THE BURN RATE, IT IS HIGHLY UNLIKELY WE WILL CONTINUE TO MOVE UPWARDS!!! This is a key component to the price everyone seems to be forgetting. SLP still has a big inflation problem right now. The only way we can officially move into an uptrend is if the mint rate decreases drastically, OR if the market cap increases at a rate that is greater than the average current mint/burn rate. You cannot keep increasing supply of a coin by 10-15x its burn rate and expect an uptrend unless there are a ton of buyers. Basic supply and demand. 4) I know Axie is aware of the mint/vs burn rate problems but as of today they still exist. Until this changes i'm relatively bearish on this coin. 5) Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
Short
by MarketM8ker
SLP 3D What it takes to make the price go upWe, like probably many of you, wanted to make money on speculation with SLP token, but as a result we became invested hostages. Because we don't play a game where this token could be used, the maximum we can squeeze out of this investment is passive income by transferring tokens for staking. The first wave of hype for gaming tokens has passed, and now there is a correction. SLPUSDT price has been falling steadily for six months and the value has already decreased by -90% from the maximum. During this fall we have made several long buys and froze 10% of the trading deposit allocated to the project P_S_trade to no avail. Actually, to guess where the bottom of this fall - is equal to guessing the cards, so we're not going to do this. We propose to share our opinions in comments, what should happen in Smooth Love Potion project and cryptocurrency market in general for SLPUSD to explode by 10 times. It is around $0.35 that we would like to fix part or even all the investment in this token. First , the conditions we described in BTCUSDT forecast are fulfilled now to start at least minimal, but still alt-season. Please take a look at it: Secondly, we need to somehow limit the maximum number of coins to be issued, as long as there is no upper bar, they print as many as they need. The supply in the market will decrease, then the demand will naturally increase the price. Third , sometimes crypto projects do denominations and similar maneuvers and after that the price of token or coin grows well. Please join the thoughts in the comments under the idea, because in the discussion the truth is born. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
51
Smooth Love Potion (SLP) - potential reversal swing tradeSmooth love potion has been in a 6 week decline, but volumes in the past week have begun to increase with investors paying attention to it, which is the first sign of potential swing trade. Now looking for further signs of confirmation Positives: It appears to have found a local demand level around 0.06, has bottomed on this zone a few times Price trend has been broken and is holding stronger than previous breaks MACD momentum is shifting in positive direction on D RSI is attempting to break above trend, plus making a promising higher low. Also signalling a possible trend above the RSI 50 once again Good volumes at possible bottom Negatives: OBV is still a red flag - I don't like to trade against OBV as it is a clear sign of investor confidence, but this could shift rapidly on the 4hr Super bearish, can continue to trade lower and lower Highly volatile, high risk high reward I will looking for a strong close above the last swing high on the 4hr as marked on the chart, then looking for buy setups on lower time frames on retest There is not much in the way of resistance for SLP, key levels I see are marked on the chart. But it could run quickly once it gets away Highly volatile so trade this one safely. I will be providing updates on lower time frames to watch for health of any possible breakout
Long
by jamoooo
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 _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
37