However, all is not lost. After the 2.5 day sell off, it appears we have made a higher low. Currently we are riding the lower channel line of what appears to be an uptrend. It will be interesting to see if we get a 3rd confirmations for further validation. There is a high probability for this considering the is rolling over and sell is currently decreasing.
If the lower channel holds, I see a potential set up for an pattern. A close above the neckline will take us to approximately 0.00030. That would be very encouraging and . But I fear we may stop there temporarily as we fight through through resistance at 0.000031 and the 400 .
If we get there we can talk more about it. Fingers crossed that our lower channel does not become breached. Otherwise we got a long ways down to the next support.