may seem like it is failing right now, but it is simply completing a pattern. As for short term, it is about to hit a low tomorrow and perhaps start up on the next rise again tomorrow. There is a support at 1.18 as that is the price it seem to not break even at any low. Another sign that a larger rise is coming is the fact that the volatility
ratio is considerably low. You can see this on the two bollinger bands
.This included with the price movement being in the middle of the band but already almost to the bottom of the sine line, I expect the next wave to be huge.