SLP butterfly pattern can drop price more#SLP/USDT
$SLP broke down from support zone and need to confirm it as support, also it shaped butterfly pattern.
🐻 price can drop more to support zone between $0.011 and $0.009.
🐻🐻 break down from support zone can drop price more to $0.003 to complete Butterfly pattern.
🐮 holding the support zone of $0.009 and break out from resistance zone around $0.018 will invalid the butterfly pattern.
Smoothlovepotion
SLP 3 day stiill intact and cant go much lower, heres why?SMOOTH LOVE POTION (SLP)
3 day chart: This long consolidation period
has been going on for 75 days straight inside
my purple box. now the last 2 days was the first
time it fell below the consolidation box. We do
have the Hard Support Line listed and take a
look at the RED circle, thats where the DeMark 9
reads again another bottom and its just at the bottom
of the box line...it must hold this and move up...
The Total 3 chart is still showing ALT coins are
at the bottom...stay strong and make good decisions
and watch that purple box, when
SLP breaks out of the BOX, we could have a
huge run up to all time highs.
🆓Smooth Love Potion (SLP) Apr-26 #SLP $SLP
The buying force has not appeared yet and the selling force is still increasing strongly. This shows that SLP can still fall sharply in the near future. The support zones where we can start buying SLP is the $0.013 and $0.12 zone. However, it still has a risk of losing these 2 support zones, if this risk happens, SLP will fall back to the bottom of $0.009 or even fall sharply to $0.006 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.012$ zone
🔴Buy : 0.013 - 0.012
🔴Sell : 0.015 - 0.017 - 0.02
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.012$ zone
🔵Sell : 0.012
🔵Buy : 0.009 - 0.006
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
SLP BURN RATE INCREASEA few things to look at here on SLP.
1) Apparently there are going to be some new ways to burn the coin here soon within the game. This could be a very good sign for higher price action but until this happens, we still need to be cautious. I have noticed recently that the burn rate has increased and the mint rate is decreasing, but only marginally.
2) It looks like we are trying/have found support back at the green box I have mentioned in my previous posts. This is a good sign because it could indicate a double bottom and the last time we tested this box we had a decent move to the upside. This does NOT mean that we are going to break previous highs. As of now this is just a bounce. I have also adjusted this box to better fit the price action.
3) If we do find strong support here, it needs to shoot us above the previous highs as well as the ichimoku cloud on the daily. SLP has a relatively narrow window to do this as the ichimoku cloud is starting to widen again. A break above the cloud and a positive retest of it could indicate we are starting to form a new uptrend. We really need to see something like scenario 1 play out.
4) We are currently trading below a red spread on the daily chart EMA ribbon. It is worth a note the spread is relatively small so we shouldn't have too much of a problem breaking to the upside. If we cant manage to break it this could be very very bad as it will widen on the next move down, which would likely be scenario 2.
5) We are currently holding support from the .618 on the fib retracement.
I'm relatively neutral on this but the burn rate mechanism implementation is likely to make the price go higher so i'm siding with the bulls on this one, as of now.
As always this is not financial advice and always do your own research before entering the market.
SLP CRITICAL LEVEL HAS TO HOLD There are two scenarios I have outlined that could potentially happen in my opinion.
1) We really really REALLY need to hold this green box as support and break above previous highs so we can make our way out of the ichimoku cloud and start an actual uptrend. As of right now, SLP has been generally trading sideways for the most part.
2) If SLP manages to do this, we could very well see a move to around 6 cents.
3) We will need to break above the 200 day moving average (blue line) as well, which is pretty important for most cryptocurrencies.
4) If SLP breaks this green box of resistance to the downside, we could very well sweep the low again.
5) This is not financial advice and always do your own research before entering a trade.
SLP | A realistic AnalisisAxie Infinity hoped to raise more investments from whales, that's why they didn't bother to raise the SLP. Time passed them by and it seems that now it is an irretrievable situation. I presume insiders sabotaged the $600M hack (see it as a sign of desperation before jumping off the jackpot). Now they divided the Origins update (more complex game mode than the first version) into three parts, precisely to avoid a SLP pump, thus preventing holders (players) from abandoning at the first opportunity. Update times were extremely long and laggy. The most recent update re-enabled the adventure mode, with which you will be able to generate even more SLP, thus creating more monetary inflation (a fact that is still not applicable in beta, but it will be in a few weeks). Sky Mavis expects more SLP to be burned by breeding more Axies, an inefficient way to balance mining and burning since only a very small percentage would be dedicated to breeding them (note that it is cheaper to buy the Axies directly than breed them. In the market you can find them from 20 dollars). The great promise of Sky Mavis are the Lands and it may be a good solution, but at this rate they will make it a reality in at least 2 or 3 years (An update much less complex took them over a year.) I think it's time to say goodbye to the SLP.
SLP Daily is still in the consolidation box..looking greatSLP daily chart is still consolidating in the purple box and that’s totally fine…the longer the sideways action, the bigger the explosive monster move it has the potential to make…I did this update from my phone so excuse the smaller chart, but the idea is once we break above the descending trendline and the daily candle closes above, the Nitrous button will be deployed and let’s see what Axie Infinity’s little brother token can do…I believe possible over 1,000% gains in the near future but we will have to watch daily RSI…
Smooth Love Potion | A Closer Look (4H Timeframe)Here we can see that SLPUSDT (Smooth Love Potion) is getting ready to continue straight up...
After the initial breakout yesterday, we can see only two red candles as retrace and now immediately we see additional growth.
We have really good strength, so we can expect the next Fib. extension level to be hit right away... Notice the green arrows.
The blue square on the chart is for support.
Namaste.
SLPUSDT 35% Profit done so far with 1x. This chart is in logarithms grids. Looks like the Cup&handle pattern neckline target is 0.040. Once break and flip at 0.040 level upside then we're going to higher n higher again. And the target would be 0.094, 0.1345.
Manage your own risk accordingly with this setup.
Trading Signal For SLPUSDT Smooth Love PotionTrading Setup:
A Trading Signal is seen in the SLPUSDT Smooth Love Potion.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️⭐️
⬆️Buy now or Buy on 0.0180
⭕️SL @ 0.0160
🔵TP1 @ 0.0238
🔵TP2 @ 0.0285
🔵TP3 @ 0.0385
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
previous signal
If you liked our ideas, please support us with your likes 👍 and comments .
Smooth Love Potion (SLP)Smooth Love Potion (SLP) has recently retested our (.020) area. This is the 4th day the said area has acted as a strong demand/support zone. We are currently stuck in between 2 important zones.
Our charts are indicating a potential move to the upside. Once we see a potential move to the 0.023 we may encounter selling pressure since we have had 3 daily timeframe rejections in this area, unless new fundamentals kick in and we see a huge momentum/volume towards the upside.
Smooth Love Potion Bullish Breakout (200%+ Potential)Hello my dear friends... This is going all right.
First, let me show you the potential targets:
SLPUSDT (Smooth Love Potion) has been through the second wave and is now starting a third one.
We are aiming at around 1.618 or 2.618 fib, this is based on EW.
Now, looking at the daily timeframe, the main chart above, we have the indicators going bullish and a volume breakout... Prices moving above EMA50.
Caution
Please keep in mind that the market conditions can always change.
If you use this information for your trading, make sure to plan ahead of time in case things go the other way.
Prices can easily drop just as they can go up...
Here is my previous chart (14-March)
Thank a lot for your support.
Namaste.
SLP Tenbagger callHey trader,
please see my current idea on SLP, where my count suggest an increase of 1000% to the 1.618 extension area. This is due to the fact that SLP became very impulsive again and got rebought on the 61.8% area.
Therefore I am assuming that we are in an impulsive and currently in a probable wave 3 extension.
This is no financial advice.
RT
🆓Smooth Love Potion (SLP) Mar-22 #SLP $SLP
SLP has completed a bearish cycle and it has started a new bullish cycle from the $0.016 zone. In the near future, new updates of the game Axie Infinity can bring good effects and help SLP increase again like early February.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.017$ zone
🔴Buy : 0.017
🔴Sell : 0.02 - 0.024 - 0.028
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.017$ zone
🔵Sell : 0.017
🔵Buy : 0.014 - 0.011
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
SLP 3 day chart still in consolidation boxSMOOTH LOVE POTION (SLP)
updated 03-19-22
3 day chart...its gaining some legs
as well as some nice volume...lets keep
an eye on this Axie Infinity little bother
token.... prices and resistance listed. ITS continuing
to stay and close inside the consolidation purple box.