Three warnings:
1) There is no future price to predict. Human decisions make the price. Trying to predict human decisions has trashed almost all human "sciences". So, the price is unpredictable. One can only try to point out possible scenarios. In a market like MtGox, one or two powerful traders can destroy the accuracy of any prediction.
2) Technical analysis must be simple and evident to any observer in order to be generally understood and its outcome adopted: some trend lines and some patterns.
3) This is not a recommendation of trading.
There is a down trend line connecting 3 recent highs that currently points out to a resistance around 121. The current trend is bearish.
The two support lines have no technical meaning, since both have only two price points, but when one has almost nothing, one works with what one has. The uptrend line connecting the low 50 and the higher low 79 is pointing out to a support around 90. If breached, the supports seem to be 79 and then 55/50. Then we have the 32, the old resistance, converted in support.
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