ahsinawan77

SLPUSDT And its Price Factors

Long
BINANCE:SLPUSDT   SLP / TetherUS
since 24th oct the average increase in price is 13 percent
- 1h time frame shows weak bullish pattern where price is above ema200
- 2h and 4h time frames some one suggested the trend has changed and low is expected which i doubt as i predicted the up movement in my last idea roughly to be happening about similar time frames in which it have
- now based on a feeling again next 4-5 days are very important to confirm the uptrend
- the bullish movement is slow
what i am expecting in times to come is a steady prices 20 percent above the current price 0.07 levels
to begin with in next 4 days based on my understanding of the charts
- few developments have happend as well in terms of game update which i hvnt really had chance to check
but it appears if u buy 3 game ccharacters to play the axie infinity which the lowest one was priced 150$ for one
to play u get chance to win like 25 slp and more like playing it so in terms of give aways its still decent and mmust have been well planned there is no free play yet
- even if it is like free give away thing as some people have made more then what they hv spent the price at which they have sold or have been selling looking at
slp prices 0.4 cents twise to 0.07 so the earning have reduced alot
- as more people will join technically it should reduce but with updates and all and burning and limitinng supply prices mayrise
the trading value of this coin itself is impressive
- but its movement is very complex as u need eth to begin with and eth prices move way up so u have to pay less eth to buy more of roin i believe or game's purchasing coin
- so its linked to eth movement and as for eth its very green but we have seen it moving when btc was moving too so is a bit complex this coin as to exactly how it will move with changes to prices of eth and btc and since more people are buying and holding it as well or thinking is a good buy which it is
- i still think atleast this has a usecase and is unique compared to most coin whose use case is yet to be determined and prices are way more than this one
so i would gladly long this as i said earlier i expect price movement up in few comming days

note that this is just my opinion and isnt any financial advise. just u can say is a self note or sharing what i think of this coin personally - let me know what you guys think in comments id love to know your opinion

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.