SLP
Is AXS coming down for a bit?MTF EMA's have flipped, and it seems the short term support around $65 may become resistance. This is also a fib .382 level that we're sat on right now.
We're under the Ichimoko cloud, with downtrending conversion and baseline trend lines and lagging indicator hit prices already (all on hourly).
Looking at the feb speed fans, we're under the support levels and retesting this and the next hour.
Short term bearish.
Only bullish thing I see is BTC might have another little run. On a Sunday though...
Anything is possible, trade safely people.
Peter
SLPUSDT🌟this alt has a low market cap so it can collapse in price so easily that's why we cant risk to afford putting an stop loss and face the rise again
🌟this alt's main target is 1$ for now and after that we have to see what will market decide to happen next which will come up with an update for this coin
🌟severe risk potential so be careful with it if you are a safe trader even in spot position but this coin can turn the tables
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SLP PROJECTIONThe market shows us a glimpse of bullish today were the market reacted from our daily POI. The market bounce off from expected area 👌
Confluence I have seen for LONG bias:
1. Mitigated D1 POI
2. Potential liquidity has been grab
3. Market reacted from our TL support
3. (Doji reversal candlestick pattern) in POI
4. Bullish harami in POI
5. Potential bullish engulfing in POI
This is the previous SLP analysis:
SLP/USDT Cup & Handle Pattern Smooth Love Potion (SLP) forming cup & handle pattern. Massive 50% correction since the last pump and at the moment testing the support order block. Be patient and wait for the breakout for entry.
Target 1 - $0.2045
Target 2 - $0.2446
Target 3 - $0.2659
Target 4 - $0.3009
This is not financial advice, Please DYOR and place stop loss below $0.1501 or $0.1262
Smooth Love Potion (SLP) Harmonic Bat Pattern 🦇Smooth Love Potion (SLP) is plotting a gorgeous Harmonic Bat Pattern.
This bullish structure looks almost to have completed!
First target on breakout would be 0.33 (C) and then I would expect SLP to go on and target 0.41 (A).
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SLP PROJECTIONThis is what I am seeing in SLP market, Though I saw few smart money behavior, I still did not see clear institutional order flow since this market still developing yet.. The SLP market is currently trading in this descending triangle pattern but ofcourse fundamental aspects are still important.. We might see more down move in this market but I suggest to those who have this coin better to hold it..
SHORT OPPORTUNITYA few indicator show the SLP is at strong downtrend, and could be capitalized with short position.
As per writing, the flows within crypto market are also coming back into its main coins such as btc and eth, which means another point for suggesting that the SLP as a lower tiered coin, will go down.
Just my 2cents.
SLP! Teknikal Tipz:
#SLP Axie Infinity Zone.PH
Showing strong resistance sa $.23. If ma break, next resistance level is $0.20 sa 1D timeframe.
Once na mag bounce sa $.23 or $0.20, possible na gumawa ng wave 5 Elliott wave si SLP breaking All Time High to $0.60 - $0.70
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