Weak volumes off the sudden crash indicates low buyer interest.
We should see another break of the red trendline to do a second test of Fib 0.382 @ 4.7 cents, then a slight drawback and another dump down to break through 4.7 and hit a new low at fib 0.28 (3.7 cents)
I expect to see a price channel between 3.7 and just above four cents as a possible accumulation zone.
The end of accumulation should be characterized by the second hard dump down to high 3, low 4 cents before being bought up and making all sorts of ascending triangles and teacup formations.
We should see another break of the red trendline to do a second test of Fib 0.382 @ 4.7 cents, then a slight drawback and another dump down to break through 4.7 and hit a new low at fib 0.28 (3.7 cents)
I expect to see a price channel between 3.7 and just above four cents as a possible accumulation zone.
The end of accumulation should be characterized by the second hard dump down to high 3, low 4 cents before being bought up and making all sorts of ascending triangles and teacup formations.
