The price is in an ascending channel and After hitting the ceiling of the channel, lower price floors are being formed than before, that's why we can expect the downward trend to continue until the strongest support .
In higher time frames, the trend changes in the same way.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.