As you can easily see on the chart, there is a bearish channel that has been formed during the past few days. Price is likely to break the RDL (Range Daily Low) and go down all the way to 112.000 or even lower than that with the potential to reach 111.000 in a few days.
About the author
Robson Hayashida has over two decades of experience in the computer industry in product development, support, training, and e-marketing. Mr. Hayashida has been working on writing ColdFusion Web Application series, as well as multiple books on SQL, Regular Expressions, Java Server Pages, WAP, Windows development, and has recently being involved in multiple Meteor / MongoDB and Node.JS projects and more.