Wave Analysis

As we forecasted, the price rebounded perfectly from the upper trend line and is currently heading to the lower side. We expect the rebound from this trend line to have marked the end of the corrective wave (iv) that the current bearish price rally is the continuation of the last impulsive (v) and should not go beyond the daily support level 0.4430. This view can only be invalidated in case the price breaks out of the current falling channel. If this should be the case, then we expect buyers to come in tremendously and should push the price upwards towards 0.9355.

Trade Recommendation.

We're short towards 0.4430

101% Double the volume