So the price has been trailing right along line I've drawn and now we have nearly reached the major decision point I've wrote on my last post and if we look at the 4 hour chart's RSI, we are nearing to the point when the bounce is imminent. I've drawn on my small bear flag that the E will be somewhere in the middle of this channel and not on top becaus to me it seems like there's little interest in this price level and a lot of people are going to wait for lower/better buying opportunities, we've been at this price level 2 times already and each bounce afterwards was smaller that the previous one so for me it seems that the steam has been exhausted for now but if you want to play this one, please go ahead, you might make some money at a slightly higher risk.
I'm still going to wait for a longer boring sideways erosion to take place first and this will possibly take few months to unfold until around Sep/Oct when the interest in cryptos usually starts to pick up. I've already talked about this in my video here on how I see the price in the long term will in my opinion unfold so that's why I'm waiting now.
Good luck
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