After rising early in the week — prices reversed and challenged some of the intermediate term support levels from previous weeks. Though nothing has changed as to the current market environment, a bearish trade within a bullish long-term trend (higher lows since 2020), would expect additional tests of support prior to a rally but well within the 4 month range between $3.00 down to $2.00.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support:$2.52-$2.47, $2.38-$2.26, $2.17 Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59