Inverse H&S is formed on 4h timeframe. Currently it is retesting the neckline. On the other hand we have a break of downtrend trendline. 0.06 is the next target.
What is SLP in Crypto?
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Smooth Love Potion (SLP) is the in-game digital currency of the Axie Infinity gaming metaverse. It enables the game's players to breed collectible digital pets — known as Axies. The overall demand for SLP tokens has grown such that they are also traded on cryptocurrency exchanges.
Confirmed Breakout to the upside?
SLP is currently testing the broken resistance thus turning it into new support. We need to see a bullish 4H candle close in order for this move to be valid. Moreover, the price is currently sitting at 61.8 FIB which is making a new HL (higher low) structure.
SLP will be able to touch price range (0.054 to 0.06) in Daily Time-frame.
If break this PRZ then It will go for mid-term targets.
but in 4H Time-frame needs to correction at least till fibo 0.38 - 0.618 then go for price range 0.03-0.04
If the trend line breaks, the uptrend ends
always make your analysis before a trade
it is not offer to trade.
good luck
If...
Hidden bullish divergence and bullish harmonic at 1H TF. We can bounce at 0.0261 and reach 0.0315 and 0.0320. We can also dip lower at the current level which is around 0.0249 but we will still bounce from that level.
SLP / USDT
Slp on the show again
Now its facing strong resistance of broadening wedge
if breakout done successfully ..
next resistances levels are shown in chart
Keep your eye on it
Here we can see that SLPUSDT (Smooth Love Potion) is getting ready to continue straight up...
After the initial breakout yesterday, we can see only two red candles as retrace and now immediately we see additional growth.
We have really good strength, so we can expect the next Fib. extension level to be hit right away... Notice the green arrows.
The blue square...
35% Profit done so far with 1x. This chart is in logarithms grids. Looks like the Cup&handle pattern neckline target is 0.040. Once break and flip at 0.040 level upside then we're going to higher n higher again. And the target would be 0.094, 0.1345.
Manage your own risk accordingly with this setup.
SLP/USDT strong potential in parallel of AXS (Update) - NFT Sector
Smooth Love Potion ( SLP ) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies
SLP is also unique because of how it has become one of the...
Although SLP has unlimited supply, technical analysis is still working in this coin. wyckoff pattern was shown last time in SLP and works properly
As you can see it works here..
Now we need to complete the Wyckoff Re-Accumulation. LPS & SOS should be visible in the next few days so SLP will go up again after this.
This will be also possible since end of...
If slp can stabilize above 0.024 it can go up to 0.034 in the first stage
now slp hit the the blue middle dynamic resistance Between two blue dynamic lines
MA100 was a strong resistance for #SLP and now is broken out and confirmed by some candles after that.
Let's see if we can see a nice pump in coming days !
This is just an idea. Don't sleep on SLP. A simple chart if we flip at 0.23 fib at 0.021 level. Then long it. And take profit whether you satisfied with your profit.
GAIN 173%
Loss 19%
Manage your own risk accordingly with that SL TP everything.
VRA Daily Chart:
This chart is seriously the most interesting
chart i see...It has had a huge Bull Pennant,
huge Head n Shoulders, Multiple sets of Adam and
Eve formations, Fractals have been super
bullish...leading into where VRA sits now...
Busted bullish thru the bearish descending
Trendline and what led that was a bullish
Adam n Eve to a perfect bullish Cup n...
#SLP (update)
Major Trendline is Getting Weaker, Expecting Breakout so Don't miss the Ride..!!
If Trendline Resistance got Cleared, Expecting +300% Bullish Wave.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
