ncash/btc (binance) - Update

Below is the 4h chart of ncash and as we can see we retraced further than expected from last blog post.
Volume is still pretty normal, and we're moving in a downward channel. The possibility for retracing to 405 sat is possible, where support and 0.236 fib retrace area lies.

I believe we will start the last impulse wave when the 200 ma crosses the 55 ma and thus starts to "pull" the trend up breaking the channel in 2-8 hours.
EDIT: Also big green doji on 4h and big green inverse candle closing soon.