Slpusdt
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) ??
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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 ...
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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.
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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
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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%
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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.
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SLP, Some Fundamental Thinking on Axie's FutureSLP being a utility for a Metaverse game is a double edged sword.
Being it's mainly a reward function (as of now), I don't believe TA will have much influence here.
It will be the fundamentals that will drive direction, determined by the underlying game it's tied to.
Bullish Points
At any point, Axie could implement new mechanics and functions that bring demand back into SLP. They've already done so in a small way my limiting distribution according to MMR. The upcoming Axie Land update will be something to keep a close eye on as well.
Maybe they add an in game shop with NFT's or something. Maybe they allow skill reroll or trait mutations by using SLP to do so. Maybe Axie simply adjusts the cost to breed. There are a couple of economic levers they can pull to adjust SLP demand.
Bearish Points
Axie keeps SLP functions as is, allowing SLP to continue to mainly act as one piece of an off ramp to get paid for playing. This limited use case will continue to drive sell pressure IMO.
I understand its also used for breeding, but it's obvious that the demand from breeding isn't enough to affect price as it currently sits.
Axie incorporates another coin to drive game functions off of, further driving SLP stagnation.
Axie further stagnates, and people start to deem it no longer worth their time to play. People begin to cash out in an attempt to hold some form of value.
In Closing
IMO This coin will live or die on Axie's patches, updates and adjustments, not on TA.
Keep an eye on big updates like the upcoming Axie Land. It sounds like a lot new functions will be added, and I'm curious how many of these functions will be driven by SLP.
Could be an opportunity to get in cheap, or lose another 90+%. It's a real gamble unless you have an ear in on the dev team.
Not financial advice, just mad ramblings.