„Currently, the price is testing the 5.5 USD, which creates an interesting occasion to sell. The sell signal will be on,only when the price will create a reversal pattern. For now, it is a bit too early to say who will win here. As we said earlier, a bounce will give us a signal to go short and a breakout will do the opposite – trigger a signal to go long. „
Quick look at the chart and we can see that the price defended the 5.5 USD as a resistance and created a trend continuation pattern just beneath the red line. That pattern is a pennant (orange lines) and is obviously promoting a further drop. In this case, it is not a surprise that yesterday, the price broke the lower line of this formation and went south.

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