The attempt to break out above the Fibonacci barrier have been met with reversal as the share plummeted below Support 1. Hence, the price could drop lower to Support 2 at 1.97. If the price could breach below Support 2, there will be no barrier for further price drop towards 0.65.
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Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only
Comment:
Limit down today. Support 2 violated. Free fall to 0.70
Comment:
Rebounded from 0.7
