Retracement for SLP until where? Lets check in FIB
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Now SLP need a retracement /correction since a big impulse has been made in previous days.
The Golden Ratio in Retracement in using fib is normally 0.618 - 0.786. I saw some retracement in SLP as well at 0.618 previously. Now it is possible that it will retrace @ 0.0246$ max 0.0215$. This will not be a retracement if this will go beyond that, meaning if this will go down below 0.020$ , SLP is back to bearish trend.
Now , we need at least to see a valid bullish divergence + other bullish signals when the price reach on that price. We can see now that in 1HR bullish div is forming. Hoping to reach 0.060$ in the next few days.
As of today, AXIE infinity announced that before end of Q1 2022 ORIGIN will be launched. This fundamentals news may affect the SLP soon and make a good growth.
Please DO YOUR OWN Technical Analysis, make this only as a guide. Message me if u want to learn my strategy.
Now SLP need a retracement /correction since a big impulse has been made in previous days.
The Golden Ratio in Retracement in using fib is normally 0.618 - 0.786. I saw some retracement in SLP as well at 0.618 previously. Now it is possible that it will retrace @ 0.0246$ max 0.0215$. This will not be a retracement if this will go beyond that, meaning if this will go down below 0.020$ , SLP is back to bearish trend.
Now , we need at least to see a valid bullish divergence + other bullish signals when the price reach on that price. We can see now that in 1HR bullish div is forming. Hoping to reach 0.060$ in the next few days.
As of today, AXIE infinity announced that before end of Q1 2022 ORIGIN will be launched. This fundamentals news may affect the SLP soon and make a good growth.
Please DO YOUR OWN Technical Analysis, make this only as a guide. Message me if u want to learn my strategy.