For sometimes now, this crypto has been on a constant downtrend and is still pretty much bearish on both the lower and the higher time frames. Following the break below 412.10, no proper retracements has been seen, instead, every slight correction is countered with a major move to the opposite direction. This is a bearish dominance sign, nonetheless, we still expect a possible correction of the impulsive wave (5) but should not go above 412.00.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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