I would also like to point out the daily chart is showing a higher low and an ascending wedge( both positive for the bulls). Check the weekly out and you will find the trend is intact. The weekly candle has a pretty long candle wick which is bullish. For a lot of long term holders, on a 5 year chart, the 50% retracement has been broken and this level looks great for a support. Hey just my opinion of course. Regards Spider