Monthly: the price continues to decline towards the bottom Bollinger band (1864.9) within the technical correction
Weekly: more localized support 1908.0 (the bottom Bollinger band)
daily: broken bottom Bollinger envelope, so now we consider only downward scenarios - either a direct drop to 1908.0, or drop through a pre-rollback to the middle band (2065.8. see the blue arrow).
Expectations: waiting the price to fall to 1908.0. a preliminary rollback to 2065.5 is possible
solutionssales to 1908.0
Monthly: still the only relevant medium-term scenario is a further drop to 24.54 (the bottom Bollinger band)
Weekly: another breakthrough bottom of the envelope, so bulls have no chance, except, perhaps, the short-term upward correction in the area of 42.06
daily: local support (and the minimum target for the week) - 35.66
Expectations: fall to 35.66 and possibly even lower, & nbsp; the overall decline to 24.55.
solutions: keep selling. Traders operating within the weeks may take profit around 35.66
Monthly: more pressure from ADX, so beginning of a new strong drop is possible in the near future. On the other hand, New Year market could delay any trend
Weekly: key support 1048.22 (the bottom Bollinger Band). We see the same active ADX, so we are waiting for drop no later than from the middle of the band (1116.55)
daily: horizontal channel 1052.28-1086.02
Expectations: touch of 1086.02 and start of drop to 1052.28
solutions: sales from 1086.02 to 1052.28
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us