The 4-hour chart is still bearish, but it has gone down enough that the potential for further declines will be more limited. The expected scenario is that there will be a fakeout that seems to form a lower low, after which the price will rise again. If this happens, it could present an entry opportunity at a lower price.
by counting this is likely a 5 wave impulsive down and now approaching the end of cycle wave 5.
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STBL
The 4-hour chart is still bearish, but it has gone down enough that the potential for further declines will be more limited. The expected scenario is that there will be a fakeout that seems to form a lower low, after which the price will rise again. If this happens, it could present an entry opportunity at a lower price.
by counting this is likely a 5 wave impulsive down and now approaching the end of cycle wave 5.