As we see, we are in a downtrend and have formed somewhat complex five-wave structures. After forming the fourth corrective wave, the fifth wave also began with five waves in a WXYXZ. After completing the corrective wave X following wave Y of the fifth impulse wave, the price is now retesting the bearish order block of the corrective wave X. We have confirmation of a head and left shoulder, and now it's forming the right shoulder to test the $9.50 After this the price will continue to decline to complete wave Z. I believe the price will retest the bullish order block at the $8 level. Don't rely solely on technical analysis; you should also analyze fundamentals because the cryptocurrency market experiences constant volatility. Trade safely. Love you all.
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