Smooth Love Potion (SLP)Smooth Love Potion (SLP) has recently retested our (.020) area. This is the 4th day the said area has acted as a strong demand/support zone. We are currently stuck in between 2 important zones.
Our charts are indicating a potential move to the upside. Once we see a potential move to the 0.023 we may encounter selling pressure since we have had 3 daily timeframe rejections in this area, unless new fundamentals kick in and we see a huge momentum/volume towards the upside.
SLPUSDT trade ideas
SLP BIG SIGNALSDue to the recent news, the Ronin ecosystem was hacked. Lots of people got scared which resulted a dump in most coins like AXS, RON, and SLP. SLP went down to about 16% because of the FUD. Focusing in the chart, signals are getting stronger and stronger. The hidden bullish divergence we have is still intact, the longer it stays that way the bigger the pump once the divergence plays out. We have a big bullish butterfly pattern and a double bottom appearing in the 1H TF. If the RSI breaks the resistance which is the black line, we will go up. We could reach levels: 0.0226, 0.0229, 0.0238 , and most likely higher once Origin comes out. If Sky Mavis continues to release the alpha test for Origin despite the hacking that happened, we will pump big. This is a good opportunity for them to release Origin. Big reversal will come anytime soon.
SLP BREAK OUT$?If only slp breaks out that chart pattern, we might we might see a rise to .05,and .10, in the next few days from now. Always stay positive.. They said zilliqa wont go above 0.05 see now haha 😆 it wend upto .13 ,they said its a dead coin same case to slp ,. Buy the hated coin 🪙. Trust the process and have patiency. Slp soon .
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SLP (alt season play)This is probably the cleanest wave 1,2 out of all the altcoins out there I have looked at for this small Alt season we appear to have before us.
Remember to take profits in a few weeks though because I see BTC potentially having a steeper correction after this short term reprieve.
SLP Short Term Long : Entry UpdateSLP price on 4 hour tf still can't break $0.023 resistant. So It's probably a retest to 0.01-0.012 could take place first before SLP continue its rally, as both price action and RSI are still forming a falling wedge pattern while OBV oscillator still maintains bearish divergence.
This idea is not meant to be as a financial advise, Thanks.
SLP long position 🚀As I mentioned in my previous analysis ✔️
the price has started to gain and hit the first target ✔️🐋💣
and now
it is close to the channel resistance and the resistance area ✔️
we can see more gain for the price, and soon we will see breakout of this resistance zone 🚀
and
our next important resistance area located on the chart ✔️
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
SLP... BUY AND HOLD FOR 4500%+ Gains...Smooth Love Portion (SLP) remain one of my favourite coin for a medium to long time investment.
Apparently we have wave one and two complete and evidence suggests a third and powerful wave is set to unfold.
In all honesty, how far the market will travel no one can say for sure but with Fibonacci tools we may have a clues.
From some of the most familiar coins like btc, eth, shiba, elon, doge, dent and a host of others, I have observe that when wave two is a 61.8% retracement, wave three tend to travel 261.8% fib projection of wave one through two and/or 300% reverse Fibonacci multiple of wave one. And a cluster of both often offers a powerful turning point.
Based on this assertion, am confident that we might see SLP rally as high as $0.9...
Well only time will tell as we wait for price action to begin to unfold. Until then I employ you to keep a close eye and do your own home work.
Trade safe and trade with caution.
Don't forget to leave a like and comment
Love...
SLP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
SLP is approaching a strong demand zone and round number 0.01 so we will be looking for buy setups.
on H4: SLP is forming an inverse head and shoulders pattern but it is not ready to go yet (still an idea)
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, SLP would be overall bearish can still trade lower to test the green demand.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SLP DivergencesWe have a hidden bearish divergence in the 1H TF. We might dip back to 0.0192 and from there we will bounce back to 0.0201. From a bigger perspective we have a hidden bullish divergence growing stronger and stronger. After the small dip we might go back to 0.0216 and if the candle closes above 0.0216, SLP will go back to 0.0238 and possibly higher up to 0.0252 and 0.0280.