Elliott waves crypto analysis – We’re short towards 0.2341.


We're short towards 0.2341.

Wave Analysis

During the previous trading day, the impulsive wave (v) continued to the lowerside but failed to break below 0.4134. This crypto is still pretty much bearish both on the daily and weekly charts, thus, as long as the price remains within this channel formation, we expect a possible rally to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and may break below 0.2341. This view can only be invalidated in case the price breaks above 0.5414.

Trade Recommendations:

We’re short towards 0.2341.

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