a. Daily FIB 61.8%
b. 4H Trendline
c. Broke strong daily resistance
d. Potential Rejection on Major psychological level (1.36000)
Reminder; this is only a potential short because there is a monthly uptrend structural zone that might become bullish again.
a. Break and retest
b. Daily/4H momentum - Great momentum yesterday
c. FIB Daily 38.2%
FIB 4H 61/8%
d. Structural zone
Reminder; Monthly/Daily/Weekly is bullish overall but it only has low momentum
a. The structure of this pair is Creating a lower low and rejecting same support
- it also rejected the same support recently in the third time.
b. Created a momentum on 4H and lower timeframe.
c. Daily Engulfing Candlestick
d. 4H Potential FIB 61.8%
This is still on the Range of monthly candlestick of May.
May push back up this week or next week due to liquidity that was grabbed in the month of May.
Also, Axie infinity did update regarding reducing the limit of SLP per day in Season 18.
So, the oversupply of SLP will end as well as overinflation.