Get started

SLP / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

SLPUSDT trade ideas

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
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.
by MarketM8ker
1
SLP/USDT situation 50/50, price trades right at support zoneHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys. Today I will publish signals from our trading team for SLP. You can check my previous idea where I told to buy SLP at 0.0133 and price made 300% from entry point reached 0.04 USD. Now after pump price made a correction to support zone 0.015-0.017 USD. And here is 2 scenario, if price will bounce from support zone one more time we can back to resistance level 0.04 USD. But second scenario is short and I think this is more possible. Price can break support zone down and comes to new all time low ATL. I think target can be in zone 0.01-0.008 USD This is can be more than 50% net profit. We expect this scenario, so be prepare for next movements. Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.
Short
by Michael_Winner
5
SLPUSD WAVE AND PATTERN ANALYSISWhat is a NEoWave Diametric Formation? ANSWER: I discovered this wave pattern around 1992 - two years after Mastering Elliott Wave was published. As a result, it is not mentioned in the book. A NEoWave Diametric is a 7-legged formation (Triangles are 5 legs, Flats and Zigzags are 3) that does NOT involve an x-wave. As a result, instead of a-b-c - X - a-b-c, I had to continue with the alphabet, labeling it a-b-c-d-e-f-g. The distinguishing factor of a Diametric is the similarity of each wave segment in time and complexity to the other six. In Flats and Zigzags, time and complexity differences are extreme between waves-a, b and c. In Triangles less so, in Diametrics time similarity (not time differences) is the norm. Diametrics occur in two main categories. One in which a period of expansion is evident during waves-a, b, c and d, followed by a period of contraction for waves-e, f and g. The other is the reverse; contraction occurs first during the first four wave segments, followed by expansion for the remaining three. This creates the look of a bowtie for the first series and a diamond shape for the second. In the financial markets, in the technical analysis of Elliott wave theory and its different styles, it is like the letters of the alphabet to read the price movement on the chart and it helps us a lot to diagnose and predict the future price. Many technical analysts are trying to capitalize on Elliott's wave theory in the stock market. This hypothesis states that stock price movements can be predicted; Because the ups and downs of the waves are repetitive. Elliott Wave Grading Elliott waves are calibrated with time frames. Grand Super cycle Super cycle Cycle Primary Intermediate Minor Minute Minuette Subminuete Elliott Wave Theory was developed by Ralph Nelson Elliott to describe price movements in financial markets. Waves can appear in customer behavior and stock price movements. Investors are trying to make a profit from the rising tide. The theory of Elliott waves was developed by a man named Ralph Nelson Elliott in the 1930s. Until then, the stock market was thought to behave incomprehensibly and accidentally. But Elliott believed that the market actually followed repetitive patterns because people's emotions were repetitive. For example, in the face of fear of loss, all people are salespeople. This emotional factor shapes behavior in financial markets that is the same throughout history and in all human beings. The effect of these emotions on price charts is also evident. So it can identify these patterns and use this knowledge to analyze the market. Elliott's wave theory is actually used to describe price movements in financial markets. Investors are kind of riding a wave to profit from market trends. So in the financial markets, every move, regardless of its direction (rise or fall), forms a wave of movement. Elliott began researching market analysis at age 75, when he retired from illness. He continued his research on the annual, monthly, weekly, and daily index charts and hourly charts he had created. Elliott then described the specific rules governing how to identify, predict, and invest in his own patterns, and named it Elliott Waves. The results of this extensive research in a collection called "R.N. Elliott’s Masterworks ”and was published in 1944 and gained a lot of fans. Elliott Wave International is one of the largest companies in the field of financial market analysis in the world, which is analyzed in the style of Elliott Waves. Fibonacci One of the good friends is a bargain and shows us good and useful support and resistance, especially if the combination of all types of Fibonacci expansion and retracement and the formation of a Fibonacci and PRZ range show us useful and interesting return ranges. Where there is potential for price diversion Trend lines can be a great help to a trader who finds areas with potential for return or indeed resistance and support on the chart. By drawing the rand lines correctly, you will see that the price responds to these areas with surprise. In general priceaction what dynamic trend lines are statically useful Price Action is one of the attractive trading methods in financial markets such as foreign exchange market, digital currencies, international stock exchange, Iran stock exchange and so on. In this method, the main focus is on the asset price range and its changes, and there is no mention of the various tools we see in technical analysis. By observing the trend of price changes, one can get a relative understanding of the behavior of other traders and market players and consequently the possible trend of price movements in the future. Price action, like all trading methods, requires training and learning the basics. The purpose of these preparations is to identify the main market trends, price patterns, identify the strength of the trend, identify price candles and .... Join us to learn more about this style of trading and the patterns and methods of trading in Price Action. At the same time, Price Action offers us various trading strategies, and all of them work only by examining the behavior of the price chart. These strategies are called "Trading Setups" and Pin Bar Setup, Fakey Setup and Inside Bar Setup are a few examples. In the following, to explain more about the price chart space, we will explain these 3 more.
Short
by Sina-TFX
10
SLP Daily TF TASLP right now has dipped just above 0.0155. This dip has created a tight hidden bullish divergence in the daily TF. We might bounce from this level and most likely hit 0.0293 and 0.0373. A falling wedge pattern is also present in the daily TF, once we retest the resistance which is around 0.0258 and we get a candle close above it, SLP will most like go back to the previous high. A possible fakeout could occur around that level but if that happens, we will dip to around 0.0184 and from there we will most likely retest the resistance again.
Long
by elexicius
7