When support or resistance is really strong, it does not have to be retested and won't be for a very long time. Following this three week Diamond formation, we could possibly see a three week decline in prices so, I do not think your support at $0.0028 will last that long. I'm not a huge believer is time predictions from a price formation pattern however so, as far as I'm concerned, the decline in price could last up to three weeks or longer but, I would not want to try to predict that. I'm content just saying that the price is now going down until it finds firm support. That could possibly be around $0.002 or $0.0016 or lower but my feeling is that the $0.0016 level will support this market. I would not bet on $0.002 providing support for long but, it certainly could. I just think that $0.0016 is more likely and of course, I would much rather be a buy at that lower price.
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