SLP Pump? After Season20 announcedOne of hardest crypto to do Technical Analysis is SLP. Due to millions of token mined everyday due to its games.
But yesterday announcement makes this coin pump. Less SLP to be mined, no more rewards in Adventure.
axie.substack.com
Now based on Technical Analysis and previous TA, the bottom of this is .010 which is reached. There is a valid bullish Divergence.
There is a break of structure in Higher High which signifies a Bullish Trend in Smart Money Trading.
Lets see how long will it pump and is this a valid retracement going on. Im bullish now on this coin.
Slpusdt
"100 usd to 1,000,000 usd " challenge (8)My latest trade on BTC short got stopped out.
Next trade, it is for SLP. It seems we have finished the ABC corrective wave according to fib level extension (on log chart).
Filled Amount(SLP): 8688
Average Entry Price(usdt): 0.0109
Total Invested(usdt): 94.69
Follow for more updates.
AxieInfinity | Smooth Love Potion $SLP
Technical Analysis:
RSI(14) 28.4920 BEARISH (OVERSOLD)
Moving Averages = bearish side
Resistance 2: 0.02
Support 2: 0.009
Upcoming S20 & Economic Balancing Adjustments
Volume = no demand x a lot of supply = price tends to fall
The supply of SLP will inflate in future.
Let's not forget that Axie ain't the same like it was before.
Since axie price drops, more investors = more supply of SLP.
- SLP did that before from 150 SLP (adventure and daily quest) to 75, it's just the same it goes down.
We are more in the community now. We are minting slp way more than it is supposed to burn. Having good tokenomics and burning mechanism is the key. Hopefully this fusion is one of the key burning mechanism. 31 billion circulating slp, If no one is willing to burn their slp then slp pumping is not possible.
Curious for your thoughts on $SLP and Axie Infinity updates.
👾👾
Traders VS Bots (SLP) Check the Price action of the candlesHi,
Sadly its the truth that SLP is being SHORTED By BOTS All the time. I dont know who.. but well its a massive down trend and has not even broke the trend..
Even at elliott wave counts it is in wave 4 which may make believe of many people that its sky rocketing.
But i believe it willdo another dump soon because there are so many shorts out there for this liable token.
If you can observe properly the size and price action of the candle its way to different if you look it at any other assets which have real trader candles VS this BOTS traders (SHORTS) perhaps its JIHOZ whos shorting this? or the SkyM___ Company?
Who KNOWS. I just hated them for doing it.
Its even clear in a 1HR TIme frame. (usually youll see this at below 5mins for a trading bot chart but for SLP its even clear in a 1 hr TF. This shows that its really going DOWN
#slp
SLPUSDT, Its time to have some risesHello everybody
Whats up ? I hope everyone have a good time and good trading in these days
Did you take in position on XAUUSD (GOLD) ??
If you wanna learn Fundamental and Technical analysis send us messages in private ---> Our id is in profle
According to the chart and our previous serial analysis, if you go and check that analysis we shown on chart that everytime the price made triangle we have some jump and pump of the price.
At this time we expect the price is making a triangle and according to the past we expect that we have some jump and pump toward the first resistance trendline area and if it can break that its ready to move upwards toward the new target.
Guys becareful about this coin, its not memecoin its reward coin and there is no max supply for that and it can fall down more and more and more ...
If you have any question send us messages in private
Good Luck
Abtin
Previous analysis :
SLPHi everyone
Honestly, I used to defend slp currency a bit and I even offered to buy it to a few people ...
Unfortunately, it has not been working according to ROAD MAP lately and has had very poor fundamental performance in recent times.
I do not know what to say...
But if you are at a loss of more than 50 or 60 percent ... and you did not use SL ...
wait...
Brotherly offer ...
I do not see anything positive in the technical and you have to wait for the fundamental news for this currency.
.
.
Have a nice time...
SLPUSDT Analysis TIME TO BOUNCEHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
Bullish divergence
Entry: market and lower
TP: 0.04 and 0.055
after first target reached move ur stop to breakeven
Stop: im w/o stop (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
SLPUSDT When to buy?Cryptocurrency is currently in a downtrend; moreover, take into account that SLP's major support (supposedly), broke so now, using Fibonacci and Gannbox (Set in quarters), I established an "estimated" type of support where one can buy SLPUSDT should it fail to make a reversal in its current level.
This is purely based on speculations since SLP literally has no additional data to provide.
Disclaimer: This is for educational purposes only.
SLPUSDT - BULLISH SIGNAL UPDATE!!As you all know, SLP is not performing well from last 10 months and according to the Chart patterns, Bullish Flag is formed, also indicators giving bullish signal. Fundamentals are also good to watch for.
Short-term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Signal Strength Ratio: 75%
Happy Trading :)
Good Luck!
If you like my idea, please support:
Binance Smart Chain ( BSC ): 0x91Aa3e0c7B62397547687F28a8830C8d791C3dFF
SLPUSDT time for reversal?SLP has corrected ~95% from ATH. Not much room to go any lower.
From EW perspective it looks like it has completed/completing wave 5. Looking like it has found support at around 0.018 with a few spikes in prices with good volume which is a good indication.
Log charts shows a better perspective of dynamic downwards resistance line that need to be broken in order for SLP to go higher.
After breaking which we can expect price to climb to the previous dynamic support around 0.047. If price breaks this level we can expect a further pump towards the previous ATH.
Little downside potential and a lot of upside potential makes this a good time to buy. Simple rule is buy low sell high.
Can it go any lower?
Possibly. That's why we use a tight stop loss.
Will it go any lower?
Probably not.
Good luck!
SLP- in a perfect position to double your money!Hello Traders, this chart is in capitulation area, so just a small spike up will double your money. Don t miss it!
SLPUSDT-LONGBased on technical factors there is a long position in :
SLPUSDT Smooth Love Potion
Score 3️⃣
🔵Long Now or set on Key Level 0.0220
🟢Target 1 0.0190
🟢Target 2 0.0175
❌Stop loss 0.0165
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
Please support our activity with your likes and comments.