▪️Today I would like to draw your attention on the medium-term time interval, since it is best to see the picture of what is happening right now.
▪️ArcticCoin's price, unfortunately, could not hold at 1500 and continued its falling to the level of 1400-1300, where it began testing key resistance levels.
▪️New week and again #Bitcoin makes itself felt, all top 100 #altcouns signal losses of 10% to 30%, Arctic Coin was no exception and also lost about 20% of its value.
▪️Now in the price chart, the semantic triangle ends its formation as the technical analysis figure, the direction of breakdown of which is difficult to determine, but one thing is certain that it will certainly happen, and this breakdown will signal us already about the further course of the trend. The negative factor is that the price chart has dropped below the moving average, which signals us that a strong correction is underway, but it's too early to speak about changing the trend, because the market is too much influenced (the drop of #bitcoin), so now we can talk about a certain flat, which is forecasted for the next week, which will last until the moment when the price does not show the exact vector of its movement (triangle breakdown into one of the parties).
▪️I recommend you to trade short positions and buy back on breaks up to 1200 as the price is now very volatile and allows you to go into a short position well.
▪️ Support level 1200-1500;
▪️The level of resistance is 1700-2000;
▪Order for purchase of 1200-1400;
▪Order for sale 1800.
