Since late last year, this crypto has been on the losing end and is still pretty much bearish both on the higher and the lower time frames. Just recently, the price attempted a break below 160 but has currently pulled back upwards. Despite this, this pair is still very bearish and chances of losing even further are very high. The anticipated bearish price rally is the unfolding of the impulsive wave (5) and should break below 156.45 but should not go below 100.00. At the moment, we highly recommend looking for sell positions instead of long positions.
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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