The coins is yet to find its way outside the asymmetrical triangle. It still pays to maintain a bearish sentiment at this moment. You're expected to change your sentiments only if the coin can :
1. break out of the asymetrical triangle and travel North
2. achieve a cross over on H4 moving average.
In our previous analysis, we made emphasis on the need to watch out for either “bullish divergence” or “actions taken in the accumulation stage of the coin market” before choosing to buy the coin.
Unfortunately, bullish divergence didn’t form on the chart.
That situation gives us reasons to gaze our eye at the accumulation stage of the coin market.
It's worthy to note that the coin failed to trade above the anticipated price point -0.40xxx in recent days.
Its break out of the asymmetrical triangle shows that the market volatility has been normalized.
If you’ve followed our previous recommendations, you must have been saved from the disaster of acquiring the coin at a relatively higher price point.