In 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.
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