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SLPUSDT trade ideas

SLPUSDT time for reversal?SLP has corrected ~95% from ATH. Not much room to go any lower. From EW perspective it looks like it has completed/completing wave 5. Looking like it has found support at around 0.018 with a few spikes in prices with good volume which is a good indication. Log charts shows a better perspective of dynamic downwards resistance line that need to be broken in order for SLP to go higher. After breaking which we can expect price to climb to the previous dynamic support around 0.047. If price breaks this level we can expect a further pump towards the previous ATH. Little downside potential and a lot of upside potential makes this a good time to buy. Simple rule is buy low sell high. Can it go any lower? Possibly. That's why we use a tight stop loss. Will it go any lower? Probably not. Good luck!
Long
by abuzax
1
Volume Profile Indicator on SLP chart, how to make x10 profit ?!Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start. Today I want talk with you about SLP because I get a lot of messages where people ask me to analyze this token. SLP token already fall for 95% from ATH and for 85% from last upward impulse (correction). I think some time SLP will accumulate in buy range in area 0.02-0.015-0.01 USD. And then we can see a pump at this coin. Targets is previous big traded volume in past. First target is 0.066 USD and its will be around 500% net profit from buy zone. Second target is 0.137 USD and possible profit can be more than x10 from entry, its can be around 1200%. So, I'm waiting for this scenario and probably will buy some tokens on the deep. This is my opinion, I really hope this will be useful for you. Be ready and take care your money. Have a great profit !
Long
by YMGroup
59
SLPUSDT Near strong support zones and soon can pumpAs we said before price had a sharp dump and now here we are looking for at least a local pump to the targets mentioned on the chart. in the lower timeframes, we can see that we had two local pump with +20% profit in previous days but it was not enough for that pump that we are looking for but as we said soon if these supports here remain valid we can expect pump like green arrows on the chart. DISCLAIMER: ((trade based on your own decision )) <>
Long
by MMBTtrader
20
SLP, Some Fundamental Thinking on Axie's FutureSLP being a utility for a Metaverse game is a double edged sword. Being it's mainly a reward function (as of now), I don't believe TA will have much influence here. It will be the fundamentals that will drive direction, determined by the underlying game it's tied to. Bullish Points At any point, Axie could implement new mechanics and functions that bring demand back into SLP. They've already done so in a small way my limiting distribution according to MMR. The upcoming Axie Land update will be something to keep a close eye on as well. Maybe they add an in game shop with NFT's or something. Maybe they allow skill reroll or trait mutations by using SLP to do so. Maybe Axie simply adjusts the cost to breed. There are a couple of economic levers they can pull to adjust SLP demand. Bearish Points Axie keeps SLP functions as is, allowing SLP to continue to mainly act as one piece of an off ramp to get paid for playing. This limited use case will continue to drive sell pressure IMO. I understand its also used for breeding, but it's obvious that the demand from breeding isn't enough to affect price as it currently sits. Axie incorporates another coin to drive game functions off of, further driving SLP stagnation. Axie further stagnates, and people start to deem it no longer worth their time to play. People begin to cash out in an attempt to hold some form of value. In Closing IMO This coin will live or die on Axie's patches, updates and adjustments, not on TA. Keep an eye on big updates like the upcoming Axie Land. It sounds like a lot new functions will be added, and I'm curious how many of these functions will be driven by SLP. Could be an opportunity to get in cheap, or lose another 90+%. It's a real gamble unless you have an ear in on the dev team. Not financial advice, just mad ramblings.
by Jiffydude
6
slp/usdt longCongratulations to the currency making team for making good money, but my analysis says that this currency can move up to the range of $ 0.1 and then we will see a bigger correction again. I have not tweeted, I have no doubt he will tweet in a few days My friends, I need support. In fact, I have no money and for several years I have just learned the methods of analysis. Please, if you can help me, maybe my university tuition money will be adjusted. I have a total of $ 200 :( TSuyu9t6Fet41v9gcqrSahxDSwysc3VHNm trc20 usdt
Long
by taichichuan85
3
Elliott Wave Flat PatternThe Elliott wave flat pattern is onee of the core corrective pattern denoted 3 _ 3 _ 5. The first wave subdivides as a three wave labeled (A), the second wave also subdivides as three wave labelled (B) usually ending at or near the origin of (A). While the third wave labelled (C) subdivides into five wave labelled 1 - 2 - 3 - 4 - 5. Once the correction ends, the pattern will be more than fully retraced. This is the case with SLLUSDT. Evidence suggests we are at or near the completion of the pattern and the next significant move moving forward should be to the upside where the pattern begins. If you appreciate my analysis please don't forget to hit the like button and if you have any chart you will like me to analyse please leave a message.
Long
by maonimisi
4
SLPUSDT, It can move like our route ...Hello guys According to the chart and to our previous analysis of SLP, the price is pumping suddenly and make a long time to drop and going down In here according to the last drop price, we need to have some correction of that drop and we expect the price that can rise up with exciting emotional. SLP is the reward of the Axie game and until the token burn its not activate the price is droping droping and droping more but sometimes its going up to and then drop more :D :D :D And because of that its not good for investment If you have any question send us messages in private Good Luck Abtin Previous analysis :
Long
by Abtin00
28