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
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Slpusdt
SLP let's going to moonThe value of this currency has sharply decreased after its uptrend and created a downward spike. After 40 days of continuous accumulation phase, we had the XABCD pattern in the 4H time frame. So, we can expect to grow as big as a XA chord after breaking the trend line top of the CD Chord in the harmonic pattern.
Due to the downtrend, the possibility of a sudden price return is a bit impossible, and then more time is needed to climb.
I think it can do ATH in a month.
Take-Profit Targets:
1) 0.2000
2) 0.2200
3) 0.2500
4) 0.2800
5) 0.3000
6) 0.3200
7) 0.3500
8) 0.4200
Do You want your Capital grow by 200% ?Do you want your capital to grow by 200%? slp ---- slpusdt
There is a good opportunity to make a profit in the Slp chart
A very suitable and strong divergence is formed in Macd, which if a wedge pattern is broken, it can lead to a sharp Uptrend to the 0.4 usdt. ( 200% profit )
Just be careful to see the confirmation pattern Breakout after the Break of wedge and do not fall into the trap of a fake Breakout.
If you want to enter the position safely, after the Breakout of the pattern, wait for retest the pattern, and then enter the Bullish position with a Bullish Candle pattern.
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Hamid Mojarad
Trader and cryptographer
Consultant and investor of reputable investment companies
$SLP movement in the Short/Mid-TermFor the $SLP Holders, it was a long and painful last 30 days, for the buyers, we could see a huge upside considering the buying opportunity.
in the next days of the week, I expect that the price will find support below the current price, and explode towards the 0.21 resistance zone, and to 0.337 after that. If not, we could be seeing the $SLP reaching its all-time lows, in the process I took the RSI divergence and the S/R levels that the price action had a reaction to since way back.
SLP/USDT { SMOOTH LOVE POTION } - BULLISH SETUPANALYSIS 🔎
- SLP /USDT is testing the all time low support level.
- The market is bounded in the falling wedge pattern.
- The falling wedge pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the falling wedge's resistance (@0.1683).
- Limit entry: possible retest of falling wedge's resistance horizontal support level (@0.1283)
TARGETS 🎯
- Horizontal resistance level (@0.1683)
- Horizontal resistance level (@0.2274).
- Horizontal resistance level (@0.3489).
- Horizontal resistance level (@0.4100).
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the falling wedge's support.
- Final invalidation: breakdown below all time low support level.
SLP/USDT . Falling wedge breakout soon?SLP is the coin from Axie Infinity game (AXS/USDT)
AXS itself is a good NFT project i think..
its a game that helps a lot people financial in vietnam (axie infinity)
from technical perspective
i think SLP/USDT is gonna break falling wedge pattern..
consolidate since around 12 july.. the longer the consolidate = the bigger gains when breakout
it's a good buy from this price / entry when it retest .
target will follow the arrow.
waddya think?
*not financial advice
$SLP Smooth Love Potion Key Support LevelIn this chart,
We identify the key support level
As we can see the probability of it holding is high but given the fundamental news about Axie Infinity, and Smooth Love Potion has an unlimited supply and there is more minting that is happening the price can touch the $0.0614 level. This is one of the worst case scenario.
Hoping that it will bounce and not stay there will be an indicator that Axie is recovering from it's economic collapse.
This is one of the problems of #NFTGames...
Thank you.
What are your thoughts?
Keep An eye on SLP - Sleeping beast! Here's a quick look at SLP 12 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a bigger move soon! Definitely one to keep an eye on. The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
1. 0.244$
2. 0.267$
3. 0.293$
4. 0.317$
- Profits can also be taken in the resistance zone .
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BUY SLP TP 1 :0.22
TP 2 : 0.24
TP 3 : 0.41
STOP LOSS : 1H CLOSE UNDER 0.141
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