Bears stepped in after the break below 0.0320 and scared away buyers. Looking back, an important low is seen just above the 0.0230 mark (mach 18th, red arrow). This might see a pause in the current drop.
Also, market is against a downward sloping line (green line) connecting recent lows. This and a close outside the Bolling Bands see secondary reasons to suspect selling slowing.
So, might see a try to stabilize against that 0.0230 support. 0.0275/0.0280 sees first better resistance.
Also, market is against a downward sloping line (green line) connecting recent lows. This and a close outside the Bolling Bands see secondary reasons to suspect selling slowing.
So, might see a try to stabilize against that 0.0230 support. 0.0275/0.0280 sees first better resistance.