The market is currently in a downtrend and has hit support. It bounced off support but hasn't broken out of the descending flag pattern. A breakout of the descending flag would see the price retest the resistance at 23.6% and 38.2%.
Entry: 0.005
Target: 23.6% (0.005354) and 38.2% (0.005956) Fibonacci retracement.
Stop: 0.004189
This would be invalidated if the price breaks below the descending flag pattern and support
Entry: 0.005
Target: 23.6% (0.005354) and 38.2% (0.005956) Fibonacci retracement.
Stop: 0.004189
This would be invalidated if the price breaks below the descending flag pattern and support