SLPETH in relation to SLPUSDT Prices and what to expecthi again
SLP ETh chart is important to understand what is to be expected in terms of Slp USDT price
Since the launch of slp on binance i suppose first 162 days volume was roughly 3.7 B range
2nd portion of the price range had 4.3B volume in 110 days
3rd portion of price 91 days volume increased to roughly 7.5B
in terms of current SLP USDT price we are back at low 0.07 range
the last 1 day run of price we saw was a rare spike no way near close to this coin being bullish in a true sense
if this coin is to be called in a bullish pattern which is price of 10th Aug 2021 at which the price was 0.22 roughly
for this to happen prices in terms of eth must rise roughly 178% i marked that area on chart in first circle from left
it was a 7 day up pattern seen
now the movement of this coin as i explained in my last ideas is linked to eth as well as btc the last upward price movement occoured systematically
when btc price dumped after a stagnant period when more low of btc was expected and eth price increased from being low first
same is also going to be eth price and btc price to low and we need more volume if u see weekly chart slpusdt u will notice the volume
this week has been low compared to last week
in terms of price prediction and what i feel when i read ideas of this coin by other people it shows all green
which is quite ok it has to increase about 400% in comming days to be called normal
one more thing to note is when u look at daily chart of most of the coins there are some which are really moving and are way above
their ema 200 close line some good ranked coins compared to eth like for example doge on daily chart is barely above its ema 200
and there is slp which is way below its ema 200 level despite such a general price hike
so in terms of what i expect
if this coin is good it should rise 400% sooner or later
can not predict when lets say another 71 days thats 162 - 91 the first and the last price period on the chart
which is an optimistic investment if this idea doesnt hold its already at bottom levels with rising rsi's this feel possible
and probably sooner than 71 days
note - this is not financial advise just an idea or self note i was very much right about last time its price went up i posted idea before that saying when it will go up
this time i know its going to go up but can not predict exactly when do leave comments or your ideas about the price movements or any suggessions
