Hello
Have look at my simple analysis.
We are still in downtrend channel, as we see on chart below we bounced up from important resistance level around 106$. Then from saturday we had price up from around 120$ to 178$. Have look that last support level (22.12.2017) has been tested now as a resistance level (04.02.2018) (green circles).
And now we are going down .
First support we have is 124$, another one very important is at 105/6$.
As market is in another bloodbath is highly possible that we will see this scenario and fall below 100$.
Remember: This is my opinion,you can use it as a information, it is not an investing advice.
