YES, if support at $2.002 is taken out, that confirms a bear market. At present, the market trend since the middle of May have been sideways. You can now see the makings of diamond formation on the charts which could turn into an island top formation if the market should gap lower below $0.0025 in the next few days. Island tops are rare so, it's not that likely but, it's a top never the less, island or no.
I full anticipate that $0.002 will fall on the next test of support and from my perspective, a price drop to $0.0016 or even $0.0015 looks to be a very real possibility now. Just my 2-cents. Thanks for the question. I might not have seen the diamond without your help!
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