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Slpusdt

Smooth Love Potion #SLP to 0.30$ ?#SLP has had a strong boom since the Axies Infinity Game became famous. It currently has a correction of -68% and is in an accumulation phase since the middle of July. I see it risky to enter #SLP at the moment because a break in resistance has not yet been confirmed and there has not been a cross of SMAs shown on the chart. I think it would be correct to keep an eye on this chart, since once the resistance break or the SMA cross is fulfilled it will be a good bullish confirmation that will take #SLP to $ 0.30 again.
Long
by TheLuckyLeandro
3
SLP/USDT { SMOOTH LOVE POTION } - BULLISH SETUPANALYSIS 🔎 - SLP/USDT hit a swing high and retraced. - Price is retesting the key fibonacci retracement zone ( 0.5 - 0.618 - 0.786 ) and the horizontal support level. - There's a potential for the formation of the inverse head and shoulders pattern. BUY ENTRY ⬆️ - Aggressive entry: the key fibonacci retracement zone ( 0.5 - 0.618 - 0.786 ). - Conservative entry: breakout above the inverse head and shoulder's neckline resistance. TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Initial invalidation: breakdown below the 0.786 fibonacci retracement level. - Final invalidation: breakdown below the horizontal support level (@0.1283).
Long
by Chibuike_Odoh
A closer look at SLP's Correction CountNo matter how much technicals show us that we are bullish, SLP's current economic conditions of supply and demand come to the detriment of any chart analysis. The price has continued to stay in a corrective pattern. With elliot waves count, this should indicate a near end to this ongoing correction. Rsi and Stoch RSI are both showing oversold on 1h and 4h, while macd is just consolidating. However this is all null due to SLP being produced at rates of 2.5x + than being burned. The only thing that would save this downward trajectory is from Developer interference by increasing SLP required to breed, or any other SLP burning mechanism. Price is hitting a big support area for now, Any price action below 0.1450 and we turn into really bearish territory in terms of price trend analysis. There is no reason to be holding SLP right now, so anyone who gets it in their hands is usually instantly selling for cash rather than breeding. All this contributes to the downward trend. Can investor's, speculators, or traders be buying here at this point? Maybe, the chart is right, but for what reason? There is really no incentive. If for some reason we end up getting an upward trajectory in price, we would have to break 18c again to mark as an end to the downtrend. Good luck and Good day
by LukeDalli
9
SLPUSDT Technical Analysis Welcome back Traders, Investors, and Community! SLPUSDT on H4 has broken above the triangle and is going for the retest. After a successful retest it will go up. ⬆️Buy now or Buy at 0.15 ⭕️SL @ 0.26 ✅TP1 @ 0.17 ✅TP2 @ 0.176 ✅TP3 @ 0.183 ✅TP4 @ 0.20 ✅TP5 @ 0.22 ✅TP6 @ 0.23 ✅TP7 @ 0.25 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals