We've broke through our 200 SMA (red), 12/26 EMA( yellow/purple) which tested as resistance on the 1 Daily Chart. Could be good confirmation for some more downside action. There's a pretty good chance we go back to restest our 8,000$ support. Only support I see holding as of right now is our 50 SMA (green) which I don't find to be strong in the past. We could potentially get a bounce within our green rectangle with S1 as support/resistance line.
A good confirmation for action to the upside would be when we can break our 100 SMA (orange) and act as support, but as of right now it's very strong resistance.