2.8c looks to be the next logical support area that will see interest in the short term. Could see 3.1c hold in the interim, however my guess is that it doesn’t.
MaCD + RSI breaking lower thanks to the significant large volume reversal does not support higher prices in the short term.
Should 2.8c not hold, 2.3c is the next level. In the absence of bad news in the short term, Iam expecting 2.8c will hold.
A lot of damage done to momentum that will likely be met by a level of trapped buyers when the price bottoms and tries to work its way higher once more.
