It went up from 325 satoshis support up to 500 satoshis, where it faced a strong resistance. The resistance is confirmed by two levels as well as two . This makes it an extremely strong obstacle for BitBay, that currently prevents it from going upwards.
While the resistance is holding price is likely to continue moving lower, towards either 127.2% Fibs at 325 satoshis, or towards 161.8% Fibs at 160 satoshis.
At the same time BitBay might break above the , which should be the signal of a potential trend reversal. Daily break and close above 525 satoshis, can start inviting more buyers, that pushing price much higher.