i hope price will stabilize right now after falling
It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term. Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range.
I think that the volume has to go down before prices will stabilize, which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative.
I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350. That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not..
+1
well vol appears to be going down a little bit, big move coming soon.