Elliott waves crypto analysis – We’re short towards 0.4490


We're short towards 0.4490

Wave Analysis

During the previous trading day, the impulsive wave (v) continues massively to the lower side and is still pretty much bearish both on the daily and weekly charts. As long as the price is within the falling channel formation, we expect a possible momentum to the lower side and should first breakout below 0.4490. If this level is broke, then we’ll expect long term sellers to pick it from there with their take profit being around 0.33321. or even lower but should not beyond 0.1111. At the moment, buy positions looks more risky and may not be recommended.

Trade Recommendations:

We’re short towards 0.4490

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