OK - Boys & Girls,
From a technical point of view, this does not look good and most would suspect the sell off to continue on Tuesday.
There are a few critical levels on the chart:
The first one is the closest, but not much of a support line @ $3.00 even, most likely could easily be broken.
The next level has a bit more support @ $2.60, nothing of real strength though, which may well be broken as well, however this area coinsides with the 61.8% FIB Retracement level of $2.53, so it may stabilise in this area...!
The entry level and fair value most technical chartists will be looking at is $2.32, which offers the most support of recent times, If this line is penetrated, run for the hills...lol, because it looks like the next station and long term support is @ $1.49.
Good luck all![]()
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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8 | 2785363 | 0.007 |
7 | 3143608 | 0.006 |
5 | 6310000 | 0.005 |
5 | 11598750 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
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0.010 | 3190525 | 6 |
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