Interesting chart this one - difficult to make sense of the current, likely corrective, price action. Higher time frame I am expecting another wave up (wave 5 of 5), for which the ideal target is just under $0.027 but the move could be truncated and only achieve $0.02 to still be a valid wave 5. Within this correction, I feel that we are likely to bounce to the orange dotted line as a result of confluence I have observed with the Fib targets but it is only an educated guess at present; price could easily drop much lower to $0.0045 or less. The short term risk of this is low I think because of the wider market picture, which suggests we bounce before making a final low and then resume the uptrend for one more high.

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