I think you may have meant .003 and .0039. The bulls are still eager to buy today giving support to today's lows but, the volume is weak so, I still believe that tomorrow will also be a down day. In fact, a divergent sell signal (prices head higher while stochastics decline) is generally (in my experience) an indication that more than one support level will be tested. So, we have support at 0025 and 0020 and 0015 and I believe that 0.0025 will not hold for long. The normal Fibonacci replacement from a run up from .0005 to .005 would be around .00275 But, the run up actually started a little lower than that so .0025 should be first support and should get a bounce but, I believe that there will be a three leg decline off this sell signal (it's not a normal pull back) so, that means one leg down to .0025 and a bounce up to perhaps .0035 or so and then another test of the .0025 support level. If it fails to support there on the second test then we could easily see a third leg down to .002 or even the 0.0016 to 0.0019 area I mentioned yesterday. None of this is guaranteed. It's all speculation on my part based on what I see in the charts and past chart formation I have seen. The decline could easily last until the week of June 13 through 17th. IF it does and the market appears to find firm support somewhere that week, I will be looking to buy. A lot can happen in the news to change this and all you can hope to do wit technical analysis is formulate a plan. Most of my plans are works in progress that I will eagerly abandon when market conditions warrant. So, right now, I'm in wait and see what happens mode with a plan in place and everyday I look for a reason to reevaluate that plan if necessary.
News 
Market Data 
Discover 
AI
