The price is in the ascending channel. Currently there´s no low risk entry for long therefore we recommend to wait for a pullback as we expect the price to retest the lower boundary of the channel and from there continue its mid-term uptrend.
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The price just hit the support as we expected and it´s the spot where we expect a bounce. However, If we break down, we will see 25 $ again!
@EhsanQaderi, short term bounce expected if BTC allows it. However, as BTC broke down bearishly, we think that it´s more likely to retest 25 $ support than reaching 55 $ in the short-term.