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
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