The rebound-consolidation that has begun will most likely be limited to $ 0.90 - that’s where the fast moving average of the is and that’s good place to open short positions. The maximum is the slow moving average (today it’s $ 1.16)
Every day, both averages are reducing more and more, "pressing" the rate lower and lower ...
Until the crossing of moving averages will give a buy signal, further decline is more likely.
And with a breakdown of $ 0.65, we are likely to have an equally dramatic collapse to $ 0.25, as the previous amazing growth from $ 0.25 to $ 0.9 within three days in December last year.
We've been having a fair number of pumps these days. Perhaps that will strengthen the downtrend even more.
I am a strong believer that it will hit .223.