Ok revisited the original chart posted about a week or 2 ago as...

Ok revisited the original chart posted about a week or 2 ago as some have requested.

Basic structures unsurprising remain the same as before with  the support and resistance areas. Yesterday we did break down out of the trend channel with a close at 0.046 on moderate volume (not heavy) but contrary to the predictions (perhaps wishes) of many chartist we did not end with a heavy volume red day but instead saw the entrance of strong support late in the day in the upper support zone.  Instead we finished with a bullish "Hammer Candle" which indicate that the Sellers did not have the "umpf" to make it fall.  To me it looks like a simple trend channel correction which and would not be surprised to see it close back in trend today.  It remains to be seen if yesterdays low will give us a reference point from which a new perhaps parallel or flatter ascending outrigger trend line can be drawn.