Trade ideas
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
SLP Daily is still in the consolidation box..looking greatSLP daily chart is still consolidating in the purple box and that’s totally fine…the longer the sideways action, the bigger the explosive monster move it has the potential to make…I did this update from my phone so excuse the smaller chart, but the idea is once we break above the descending trendline and the daily candle closes above, the Nitrous button will be deployed and let’s see what Axie Infinity’s little brother token can do…I believe possible over 1,000% gains in the near future but we will have to watch daily RSI…
#SLPBUY at the zone 1 and use takes as i scached. If we go down to the zone 2, then on the bounce we are selling 50% position at the zone 1 (where we buy the first time) and the rest holding for higher aims TP1, TP2, TP3. If we go lower and touch zone 3 then we are selling on the boune to the zone 2 80% (where we buy the second time) and the rest holding for higher aims TP1, TP2, TP3. I use 20 percent of deposit for this idea. Make sure you sell at the points i have mentioned, this way we can control the risk and work with position if price goes lower then i have expected. if it happens ill update. Have a good trade!
SLP/USDT Potential channel 340/118%. Wedge.Potential channel 340/118% price in its lower zone. The volume of buyers is observed. Wedge (secondary downtrend), the price moves to break its resistance. A similar trading situation as on the ICP before the trend reversal.
Coin Market: Small Love Potion
Past trade idea on this speculative "group 4" creation
SLP/USDTdowntrend channel.Working on the instrument
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