SLP breaks trend line 🚀Based on the chart, the price has broken the trend line and stuck in the channel ✔️
and now
it is close to support area and the channel support ✔️
we can see more gain for the price 🚀
and
our next important resistance area located on the chart ✔️
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
SLPUSDT trade ideas
ready to riseRSI broke and rtested on the daily chart . It has been swinging horizontally for a while, I expect that we have reached the end of this swing and now it will make an upward movement again. Please buy profit on the lines that I have specified as the best buying support, the resistance lines. Do not forget to write the stops, do not lose your money. It is not investment advice.
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.
SLPUSDT, What should we do now ...Hello everybody
In these days im so busy and i dont have enough time to piblish new idea but i will come and check every of your energic and lovely messages in here and in my social account, thanks a lot guys
According to the chart and last analysis we expect the price that wanna start the correction wave and exactly happend and now we expect the price should have more correction because of the condition of market and its need to correct the rally movement that is happend in past .
if you wanna learn technic of analysis of SLP you check our last and previous analysis of SLP that how we can use triangle in the chart
Previous analysis :
If you have any question send us messages
Good Luck
Abtin
SLP Bullish for long termSLPUSDT has now candle closed above the falling wedge pattern. Bullish divergence appearing as well in the 1H TF. We might reach the following levels: 0.0204, 0.0217, and 0.0235. High volume rally back in February 10 and it has been a low volume correction ever since. Big pump is incoming. If you bought SLP at the previous dip, it would be a 50% profit for short term and a 160% profit or possibly higher for long term. HODL SLPUSDT
SLP LIKELY MOVE - TO FALL TO $0.0145Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
With Slp market price at $0.0160, price has been in a downtrend since it broke downward from the consolidation. It’s making it way towards the next available support which I think $0.0145 is the next support level.
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SLP Danger zone Not much has changed since I posted about SLP a few days ago. I have linked my previous post below as everything within it is still relevant in my opinion.
Take this into consideration:
1) SLP has now flipped the green box I had from support to resistance, so I have changed it to red in color indicating a zone of resistance.
2) The longer we hang out below this box the higher the likelihood becomes that situation 2 will play out, however situation 1 could still be on the table.
3) AS LONG AS SLP ISSUANCE STAYS 10-15X GREATER THAN THE BURN RATE, IT IS HIGHLY UNLIKELY WE WILL CONTINUE TO MOVE UPWARDS!!! This is a key component to the price everyone seems to be forgetting. SLP still has a big inflation problem right now. The only way we can officially move into an uptrend is if the mint rate decreases drastically, OR if the market cap increases at a rate that is greater than the average current mint/burn rate. You cannot keep increasing supply of a coin by 10-15x its burn rate and expect an uptrend unless there are a ton of buyers. Basic supply and demand.
4) I know Axie is aware of the mint/vs burn rate problems but as of today they still exist. Until this changes i'm relatively bearish on this coin.
5) Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
SLP Bullish butterfly pattern appearing at 1H TF. We might bounce back again back to 0.0172 and retest the resistance. There is also a chance of a dip due to another hidden bearish divergence in the chart. If RSI goes below the green line then we might dip to 0.0155 or lower. As long as we stay above the green line in the RSI levels, SLP is still bullish.
SLP UpdateWe've expected the dip to 0.0165 and lower than that. Hidden bearish divergence appearing at 1H TF. We might dip more to below 0.0152 or possibly lower. From there it is a possible bounce play to go back to 0.0165. If we break the RSI resistance levels we will most likely retest the resistance of the falling wedge pattern which is around 0.0172.
Smooth Love Potion Hits Support | Potential For ReversalSmooth Love Potion Hits Support | Potential For Reversal
SLPUSDT Just hit the 0.786 Fib. retracement support level for the February bullish wave breakout... This can lead to a price jump.
This level is marked light blue, see more details on the chart.
Namaste.
SLP BROKE SUPPORTPlease support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
With respect to my previous analysis, the question asked has been answered, price broke support and started to fall.
Watch out for next forecast on slp🔥
What do you think?
Share your opinion in the comment section✍️
You can also demand for analysis of your preferred coin
Follow me stay updated about this coin and more helpful projects like this🎁
Happy Trading💰🥳🤗