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SLP / TetherUS

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SLPUSDT trade ideas

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.
Long
by bylerzone
6
🆓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
Long
by CryptoStation
$SLP Prepare for a potential bounceThe SLP showed constant improvement after that its price drops to below 0.016 and Bulls could held price above support area , currently looks ready to bouncing from the bottom supporting zone.bulls Looking for the rally if we do flip above 0.0170📈 if we lose our support zone that is between 0.01520 and 0.01590 zones , we can see more correction tooward 0.012~ 0.013. and if the price stays above the support Zone, then we can see more bullish move to above 0.02 Setup is invalidated if Support gets lost and price move below the major support area Happy trading 🌷
Long
by farzan260
4
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.
Long
by MarketM8ker
4
SLP | Descending Triangle PatternThe price will continue to fall, a fact that will be confirmed if the BTC breaks its current support. Within the game, according to the roadmap, the "lands" mode was expected in 2019 but devs repeatedly announced its delay. Sky Mavis indicated that they would publish this mode in December of this year. The amount of SLP held is immense. Selling pressure is a giant monster that we will have to destroy before thinking of better days. Sky Mavis would have to focus its efforts to make the game more and more profitable and economically functional. The current chief designer of the game indicated that his intentions are to make the game a hobby and not a source of income, which will further destroy the situation.
Short
by jamt_jamt
3