is in a downtrend. its constantly forming descending triangles, and breaking down from them. The bottom in my opinion is going to be around 7300-8300 dollar, at februar 1-8. The 200day MA is also coming up to the yellow box as support, as well as previous resistance might become support around the 7300-500 area, also the RSI
is going to bottom around there on the daily chart
. Should be a clear bounce when we reach it.