Just a very rough idea, mostly hand drawn to fit, using log-log as the basis
Comment:
Looks like we've broken support on the regression here. Next stop around the 3-3.3c mark if the model is right.
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Clearly bounced instead. Next stop 8-11c?
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Current breakout from very long term wedge on log chart of about 25-30c. This matches up with the log curve above. Would like to see a re-test/confirmation of log curve we just broke over at around 8.7-8.9c before continuation.
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Whole market looking more bearish at this point. Easily could see a final capitulation to 3.6c or so, unless conditions change soon. Even if it went lower eventually, it usually has a strong bounce on these lower bands. Lowest is now around 2c, if it struck that I think that would be a great time to all in. No guarantee's in life.