Daily MACD – The MACD has continued lower on the daily. I think we will see a little more bearish pressure before it being in oversold conditions.
Major Support Level – I’m watching the $240 area still because there has been many touches of price around that area.
Major Resistance Level – The price should catch a good bounce soon. The markets are very volatile because it is still the early stages of this technology. Huge moves up are followed by huge moves down only to grind higher eventually.