SLP Daily TF TASLP right now has dipped just above 0.0155. This dip has created a tight hidden bullish divergence in the daily TF. We might bounce from this level and most likely hit 0.0293 and 0.0373. A falling wedge pattern is also present in the daily TF, once we retest the resistance which is around 0.0258 and we get a candle close above it, SLP will most like go back to the previous high. A possible fakeout could occur around that level but if that happens, we will dip to around 0.0184 and from there we will most likely retest the resistance again.
SLPUSDT.P trade ideas
Last Chance For SLP ?SLP/USDT Have many bad news in market
1st: A hacker stole $625 million from the blockchain behind NFT game Axie Infinity
2nd: Axie Infinity Was Losing Player Count Even Before the Crypto Hack
And Many Other Bad News If SLP Can't Gain The Reputation Now Then SLP Will Lost Everything & Everyone Lost Everything. Already Many People Lost Their Money in this project Due to Hacking and Lost Their Game Levels '
Not Financial Advise Do your Own Research.
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SLP | A realistic AnalisisAxie Infinity hoped to raise more investments from whales, that's why they didn't bother to raise the SLP. Time passed them by and it seems that now it is an irretrievable situation. I presume insiders sabotaged the $600M hack (see it as a sign of desperation before jumping off the jackpot). Now they divided the Origins update (more complex game mode than the first version) into three parts, precisely to avoid a SLP pump, thus preventing holders (players) from abandoning at the first opportunity. Update times were extremely long and laggy. The most recent update re-enabled the adventure mode, with which you will be able to generate even more SLP, thus creating more monetary inflation (a fact that is still not applicable in beta, but it will be in a few weeks). Sky Mavis expects more SLP to be burned by breeding more Axies, an inefficient way to balance mining and burning since only a very small percentage would be dedicated to breeding them (note that it is cheaper to buy the Axies directly than breed them. In the market you can find them from 20 dollars). The great promise of Sky Mavis are the Lands and it may be a good solution, but at this rate they will make it a reality in at least 2 or 3 years (An update much less complex took them over a year.) I think it's time to say goodbye to the SLP.
Possible RE-TEST for SLP? Let's seeWell my previous analysis is still valid as long SLP will not go beyond the support showing in the chart
Bullish Divergence + Possible Breakout with Wyckoff Pattern
March 16 Technical Analysis
Please note that SLP is a utility token, with unlimited supply. Yet technical analysis is valid since many traders are buying SLP for trading as well vs Players earning thru paying Axie Infinity.
Hoping that my Wyckoff analysis is still valid and if this will not go down below 0.020$ , SLP may still continue to go for another Higher High.
Please do your own Technical Analysis and use this also as a guide. Check my YT for more analysis guide.
$SLP Market Manipulation Successful!I want to start this article with the quote I published in twitter
"The more you anticipate, the more you'll be manipulatable"
A lot anticipated the Origin pump of $SLP since the start of April. Market manipulators knew that. As you can observe from vector 0, MM's started to push the price to create an illusion that SLP is very bullish. They were able to perform the Tri-dimensional Axes of Manipulation, namely, Von Restorff Effect, Reverse Psychology, and Bandwagon effect. The details are in the chart.
If you have questions, you can dm me in my twitter account:
@flerovium_
Bullish Divergence + Possible Breakout with Wyckoff PatternAs we all know, I have a valid and still playing TA last March 16 with Wyckoff Re accumalation Pattern
Check this link and updated TA in the description
Now , if you will check the 4 days TF, we have a trendline that showing some price build-up and breakout. If this happens, We are now completing our TA and using a FIB extension our main target
will be 0.10$. This pump will have a fundamental support as well due to the release of Origin V3 this coming days + more investors will surely come in playing Axie and burning more SLP.
Please DYOR and use this TA as a guide only.
SLP/USDT TRADE SETUP! READY TO PUMP 400%Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LONG #SLP/USDT breakout this big descending channel pattern.
ENTRY: CMP and add more up to $0.0185
SELL- 400%
STOP LOSS: $0.00150
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you