The last 3 candlestick bars cleared the red upper downtrend channel resistance line. However, these 3 bars side stepped into a descending triangle pattern. Immediate support is the red upper downtrend channel resistance turned support line. Next support is 59.5 cents followed by 50 cents. A drop back into the down trend channel is expected if 59.5 cents support level fails. Conversely, a breakout above the green sloping resistance line will propel price to test next resistance at 69 cents followed 74 cents. Clearing 74 cents resistance will see a retest of 91 cents and an attempt to cover gap at $1.03
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