We are coming close to the 200 MA once again. It broke then recovered a few days ago but we are heading in that direction. The downtrend continues though the price i believe will continue to bounce between 7k-8k. the 7.6k Fib line has been tested many times from both sides over and over so this seems to be an important line of resistance and support here. We need this line to really hold in hopes to gain momentum for the future if we are going to break this trend.