But it is obvious that the resistance is now at $0.005, where price has formed a . In addition, downtrend trendline has been rejected, along with the upper trendline of the .
This makes $0.005 a very strong , which being rejected suggests the potential correction down. Price might retrace towards the 200 Moving Average area or even all the way down to the uptrend trendline.
However, watch the resistance breakout as this should indicate strong momentum for the ONC /USD, where x2 growth potential will become highly probable.