Downtrend intact. Short.

The price is surprisingly very well supported on our established first support line at 0.21539646 (yellow line), creating a Rectangle on 4H (STOCH = 47.872, MACD = -0.002) fuelled by the high 1H volatility (ATR = 0.0026). That discontinued our projected Channel Down continuation but the underlying trend on 1D remains heavily bearish (RSI = 34.263) as seen on the blue dotted lines. We expect 0.21539646 (yellow line) to break soon and hit our TP = 0.18000.