Possible reversal at $3.37

29 Jul 2020

If the correction is falling wedge, the support is at $3.37, previous peak (Feb 28, 2020) MACD crossed over indicating that this might be a falling wedge.

Or if its simple ABC correction and previous low holds as support at $4.00 and reversal around this price point would make a upwards run towards retesting $7.84

7 Ogo 2020

Nota

Update August 7, 2020
The downwards thrust and harmonics seems to point the reversal lower than $3.37. The support could be from any of the following
1. Historical support of $2.86
2. $2.28 (78.6 Fibonacci level co-incites with the price pattern completion AB=CD pattern and the trend-line support-Green line) Refer to purple box
3. 5 waves to complete pattern C (estimated projections)

The reversal is possible at any of this above levels. Look for reversal candle stick and uptick in volume and momentum.
** publishing another chart please refer for visuals