Monday was marked by a growth, the price was picked up from the $ 3250 low and brought upwards, peaking above $ 3500 mark.

On Saturday price made a new low at $ 3130, Sunday went above the new low, but failed to step over the previous low $ 3250.

The well-established scenario continues, and after some time in a horizontal mode,the sale-off pushed through the $ 3300 mark.

Yesterday went in a lateral manner, not disturbing the $ 3300 support. The movement breached through the local Bearish Trend Line, still, it did not add anything to upward impulse.

The December downward course, along with the Bearish Trend Line, continues. Empty fundamental background and approaching holidays are delaying all the possible movements on the next year, which leaves the question hanging, will current low demand be enough to hold the support levels. 

Double-tasted during the weekends, $3000 – $3300 zone showed its supportive power and did not let the price pass.

New lows prior to the weekend. As was expected, the descend to the $3500 triggered sell-offs which brought the price to the $3300 at this moment.Read more »

The yesterday showed one more low at $3600, though this low has triggered some buyers, who rapidly brought the price back above $3700. Read more »

In absence of any significant fundamentals, the price has formed a peak at the $4000 (along with the Bearish Trend Line) and retained downwards tendency, aiming for the recent low $3700.Read more »