It appears that the bullish ascending channel has just broken down. I had expected it to fall to the lower end, then move sharply higher towards $5. I see 3 scenarios.
1. It could just keep moving sharply lower.
2. It moves side ways for the rest of the month against the higher trendline of the descending channeling that is being formed, then it either sharply recovers or breaks down.
3. The bullish scenario is it sharply recovers in the next two, assuming tomorrow we sharply above $4
1. It could just keep moving sharply lower.
2. It moves side ways for the rest of the month against the higher trendline of the descending channeling that is being formed, then it either sharply recovers or breaks down.
3. The bullish scenario is it sharply recovers in the next two, assuming tomorrow we sharply above $4