The support at0.84 is broken we may minimum see a new test of the low at 0.70. If it breaks the next level would be around 0.47 level.
If 0.70 breaks on the daily close, my two scenarios will be :
SCENARIO 1 : Down to 0.47 then if it hold back to 0.70
SCENARIO 2 : Down to 0.47 then it breaks and continue to 0.28 with is a bigger support.
If 0.70 breaks on the daily close, my two scenarios will be :
SCENARIO 1 : Down to 0.47 then if it hold back to 0.70
SCENARIO 2 : Down to 0.47 then it breaks and continue to 0.28 with is a bigger support.
Yorum:
Invalidation if prices goes above 1.05