As far as resistance we also have the 50MA to deal with, if we conquer it we are 100% going to test the 200MA. As of right now, we are retracing, which is healthy, if we fall below any of the current support lines we are wide open to the possibility of hitting the $4700 area.
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NOW, THE LEGEND;
Support are green
Resistance are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down
THE OUTLOOK: Begining to see the end of the downtrend a rally may be coming soon.