Descending triangle
The basic level of support is 7000. If the price drops below 7000 - there is a possibility to decrease price to 6000 ...
Red line - VERY strong line of resistance (the upper side of the triangle), in case of crossing it - we'll get a path to 14,000.
Decreasing volumes over two months indicates a decline in the flow of new capital, RSI in bearish zone, ADX shows downtrend starting - all shows that growth above 9,000 is unlikely.
Red line - VERY strong line of resistance (the upper side of the triangle), in case of crossing it - we'll get a path to 14,000.
Decreasing volumes over two months indicates a decline in the flow of new capital, RSI in bearish zone, ADX shows downtrend starting - all shows that growth above 9,000 is unlikely.
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