COST 1W

Why do I expect price to move below 408 USD?
Firstly, let's look at the chart.

What can you can read from the chart?

• Price has been creating lowers highs (LH) and higher lows (HL) for several months
  
• Price is below local PoC.
  
• Weak lower high
  

What do I expect will happen based on my readings?
Price is currently below local PoC. It has created weak higher low (weak structure). I believe that price will break the weak lower high and move below 408 USD.