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SLP

$SLP Smooth Love Potion Key Support LevelIn this chart, We identify the key support level As we can see the probability of it holding is high but given the fundamental news about Axie Infinity, and Smooth Love Potion has an unlimited supply and there is more minting that is happening the price can touch the $0.0614 level. This is one of the worst case scenario. Hoping that it will bounce and not stay there will be an indicator that Axie is recovering from it's economic collapse. This is one of the problems of #NFTGames... Thank you. What are your thoughts?
by amosjohndomingo
11
Small Love Potiont R:R2Hey everyone, Its been a while since I posted some opportunities and its been because of lack of time (Hollidays, Friends weding etc.) I also reduced my trading time globaly as I´m more focused then before on mid/long term mooves. But I found one asset worth to take a look at with current trading setup on short/mid term with R:R2 on 50% or even more DYOR 4 more info (By the way ... Its actually a funny game I made a solid profit on by playing this "card" game, breeding the axies and giving scholarships past weeks) axieinfinity.com ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. KEYWORDS AXS, Axies, Axie infinity, SLP, Small Love Potiont, SmallLovePotiont, R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
Long
by Anoinvest
6
Keep An eye on SLP - Sleeping beast! Here's a quick look at SLP 12 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a bigger move soon! Definitely one to keep an eye on. The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart. Targets: 1. 0.244$ 2. 0.267$ 3. 0.293$ 4. 0.317$ - Profits can also be taken in the resistance zone . ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
1
SLP Is looking very good! Here's a quick look at SLP 6 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a bigger move soon! Definitely one to keep an eye on. The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart. Targets: 1. 0.244$ 2. 0.267$ 3. 0.293$ 4. 0.317$ - Profits can also be taken in the resistance zone . ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
5
Smooth Love Potion #SLP to 0.30$ ?#SLP has had a strong boom since the Axies Infinity Game became famous. It currently has a correction of -68% and is in an accumulation phase since the middle of July. I see it risky to enter #SLP at the moment because a break in resistance has not yet been confirmed and there has not been a cross of SMAs shown on the chart. I think it would be correct to keep an eye on this chart, since once the resistance break or the SMA cross is fulfilled it will be a good bullish confirmation that will take #SLP to $ 0.30 again.
Long
by TheLuckyLeandro
3
A closer look at SLP's Correction CountNo matter how much technicals show us that we are bullish, SLP's current economic conditions of supply and demand come to the detriment of any chart analysis. The price has continued to stay in a corrective pattern. With elliot waves count, this should indicate a near end to this ongoing correction. Rsi and Stoch RSI are both showing oversold on 1h and 4h, while macd is just consolidating. However this is all null due to SLP being produced at rates of 2.5x + than being burned. The only thing that would save this downward trajectory is from Developer interference by increasing SLP required to breed, or any other SLP burning mechanism. Price is hitting a big support area for now, Any price action below 0.1450 and we turn into really bearish territory in terms of price trend analysis. There is no reason to be holding SLP right now, so anyone who gets it in their hands is usually instantly selling for cash rather than breeding. All this contributes to the downward trend. Can investor's, speculators, or traders be buying here at this point? Maybe, the chart is right, but for what reason? There is really no incentive. If for some reason we end up getting an upward trajectory in price, we would have to break 18c again to mark as an end to the downtrend. Good luck and Good day
by LukeDalli
9