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SLP / TetherUS

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SLPUSDT trade ideas

SLPUSDT What next after hitting this important resistance?We spotted potential falling wedge formation on SLP and price just tested out the upper trendline and got rejected. Our focus is on 38.2% fib ret level from the previous ATH to the current ATL. If price manage to surpass this level then our target is 61.8% level which is tagged as CRUCIAL resistance zone. But if price give more buyer opportunity, then we can have a sharp decline from 38.2% level to where we have AOI level for re-loading of Longs positions.
Long
by weslad
5
SLP: READY FOR PUMP!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this SLP/USDT TRADE setup. SLP looks bullish here. Reasons for Buy SLP here:- 1) SLP is breaking out from a broadening descending wedge formation. 2) It breaks out the upper trendline after 8 months. 3) It also breaks and trade above 50D ma. 4) After the breakout, retest is also done. So overall it looks bullish and I'm expecting a big move from it. Buy some now and add more in dips. Entry range:- $0.19-$0.21 Target:- 300% SL:- $0.16 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2
SLPUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. The 4h time frame shows the price being trapped inside a triangle , in which it’s consolidating between the two curved support and resistance lines we already drew. We assume a further fluctuation in the current area for the next few days before finally breaking the first resistance line above, aiming to reach the second resistance line on its way. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
by MarsSignals
5
SLP Prediction for Long TermIn the daily timeframe of SLP, we have ended the bearish cycle. We are now currently in the beginning of a bullish cycle. Using Elliot Wave Fibonacci levels, I predict that we will hit 0.0566 , from there we will retrace to 0.0410 , and lastly we will jump high to 0.0855 . In the retracement for wave 2 there is a double EMA cross which is a good buy signal for long term. Looking as well on the volume, we had a high volume rally in wave 1 and the retracement was low volume, this is a good sign that SLP will go very high in the near future. SLP is now on the bullish cycle and I think that SLP will reach its ATH by the end of the year. Origin is fast approaching and once it comes out, we will see the biggest pump of SLP for this year. As long as SLP is above the RSI level, SLP will have good results.
Long
by elexicius