The coin has been sliding for seven days in a row with the bearish pressure getting stronger on the move below. The coin has settled at a psychological $400; once it is cleared, the downside may be extended towards $353 (2018 low) with no strong supports on the way that might have stopped the decline. On the upside, the price needs to get above $420 to mitigate short-term bearish pressure. A long breakout should soon be expected within a few days as the repeating head and shoulder indicates the price moving toward the lower neckline. Breaching the neckline could force a stronger bearish pressure.
Entry: 402.34
SL: 388.9
TP: 440
Entry: 402.34
SL: 388.9
TP: 440