As I alluded to on my previous chart, breaking the bottom blue trend line would be very bearish and could possibly indicate a full retracement down...short term I think we test the next support level around .0079-.008 or so (purple line), then maybe a small bounce to the red horizontal trendline to make previous support resistance. A double bottom formation is possible (a reversal around the .00838 area) but I do not think this is likely when considering how bearish the higher time frames are looking. If we don't bounce at the purple line, the yellow line is next up which would mean around .0071 or so.
