the clear resistance line for 2016 was 1c and that got broken.
going back through second half of 2015 shows another resistance line at 1.2 which once broken formed support at 1.1.
you cant really form many shapes from the graph because it was just bouncing/churning between 0.008 at 1c for so long there, and the volume breakout yesterday smashed the resistance.
the amount of volume at 1.2 yesterday and today i think has established it as a support line, whilst historically we are looking at 1.1 being the new support with resistance at 1.3 and 1.5.
tl;dr - 1c got smashed yesterday on high volume. its gone. fundamentals are what most of us are here for though
the clear resistance line for 2016 was 1c and that got broken....
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