This last week has witnessed the end of a 7-week streak of...

This last week has witnessed the end of a 7-week streak of weekly gains or consolidations. Looking at the weekly chart, after opening last Monday at $0.26, resistance was tested, but ST1 fell to end the week at $0.245. The price action saw a (daily) double bottom of $0.225 during the week:



Turning to the daily chart, a trend of lower highs has continued, and has partly counteracted a previous series of rising highs. A trend of rising lows is being tested, however:


The 30-day moving average was breached on Tuesday, but bounced on Wednesday. This was the first breach of the 30MA in 3 months or so. For the optimists, this was a false signal, but for the pessimists, it may be a sign of slowing momentum:



Looking at the market depth, previous buying interest has been easing off. Buyers are currently outnumbered by sellers (volume of 1.58 million buys vs. 1.74 million sells).