While the descent is taking its time, a process described as incredibly frustrating for those watching the charts, the trajectory remains pointed downward. This slow grind lower suggests that the final target hasn’t been met yet, even if the pace of the move has been sluggish.
$1.31 Emerges As Key Resistance Barrier CasiTrades continues to track a developing Wave 3 move to the downside, with a primary target around $1.09 and possible subwave extensions reaching as low as $1.06. After that, a temporary Wave 4 relief bounce is expected to take place, with the price potentially retracing back into the $1.22 to $1.31 range before facing renewed resistance.
