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SLP / TetherUS

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SLPUSDT trade ideas

💥SLP - TO FALL MORE TO $0.024📉Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ With respect my last setup on slp, price respected the setup and made a fall to $0.025 here👇 Here is what I expect next👇 Price broke out of a symmetrical triangle and it’s making it way to $0.024. When it reach that price, we’ll know the next price It’s heading to. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockTheAnalyst
13
💥WILL SLP BREAK THE BULLISH PENNANT?🚀Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ Right here is the bullish pennant pattern, very similar to a falling wedge pattern. I expect a fall to $0.022 and a rise towards $0.038. This can happen only if the support zone on the lower trendline of the bullish pennant pattern reverse price back to the upside. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Long
by PetrockTheAnalyst
11
Sad news for SLP/USDTBased on what I said about latest surprise move by Bitcoin, SLP/USDT broke below the trendline I discussed lately. Because of that, I decided to sell 0.25 of SLP tokens. Although SLP has bounced sharply from 0.618 Fibonacci level, I expect a retest of $0.0170 which lies around 0.786 Fibonacci level. However, if and only if SLP/USDT breaks above the trendline again, I would re-enter on pullback. What do you think about SLP/USDT? Let me know in comments section. By the way, my analysis about Bitcoin is linked below, please check that out.
by arya3789
8
SLPUSDT updateIn the daily timeframe, the lagging line is still below the cloud so we expect weakness if it wants to move upward. In the daily, bears are still in control. The current price is testing the EMA support, but it may fail if the StochRSI continues to wave downward. This being said, we can't see any exciting movement upward, until the lagging line breaks the cloud in the daily. Sometimes, it shows you it broken out, but it is a fake out, so watch out (like in BTC). It is to lure gullible investors who depends on influencers who wants just to hype and more views on their contents. This is the time whether you decide to take out your money, or still wait. So you see the importance of risk management now? :)
by Trader_Maestro
1
SLP to ~ $0.018 Alright we have quite a few things going on here with SLP. 1) Even though there's been news of Axie reducing coin supply to stabilize price, im still seeing in increase in supply by around 500,000 coins daily. That combined with decreasing demand does not make for a bullish situation at this moment. 2) We have rallied over 300% in about two weeks in combination with the daily ichimoku cloud touch. That cloud spans roughly 140%. This means SLP will have to rally another 140% with increasing daily supply just to break the bearish cloud. 3) We were in a beautiful bull flag on the 4hourly chart but the problem with this is the price made it pretty much all the way through the apex, which generally isn't a good sign. Especially after testing very heavy levels of resistance. 4) We have potentially a inverse cup and handle forming on the lower timeframes (4hr, 1hr) that would put the price right around $0.018. This also lines up with one of the very few major support zones SLP has charted in its lifetime, which you can see with the green box. If we do not react from here it is likely to go all the way back down to the price it was before this pump. 5) The 0.018 cent level also lines up relatively well to the .618 area on the fib retracement. A wick down to the green box would suffice. 6) This is not financial advice. Trade carefully.
Short
by MarketM8ker
Is this the end for SLP or.....?Hey there. SLP/USDT is hovering around 0.5 Fibonacci level and this triangle. With a break above resistance line, higher targets will be in sight, however, a break and close below the support line, recent gains might get completely wiped. I rather to be predictive rather than reactive and based on that, I chose to open a long position and set a stop-loss below the support line rather than wait for a break above resistance line. I hope you enjoyed this analysis. What do you think about SLP/USDT? Let me know in comments section. Cheers.
Long
by arya3789
BULLISH ON SLPAbout to hit a major support level, bla bla bla bla bla bla bla bla, dude thats all I gotta say ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
by Kwame0
💥SLPUSDT LIKELY MOVE- TO FALL TO $0.025Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ As highlighted on this chart, slp broke the inner trendline and It’s restesting back to the breakout point. I expect it to fall to $0.025 as the first target before we know the next possible scenario. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockTheAnalyst
24