“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. “
That was a great call. After the breakout of the lower line of the pennant, the price went down. Since that, all days, apart from one, were bearish. In few days, the price lost more than 40%, indeed a great sell signal.

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