there is a lack of buyers on these prices and normally when price forms a channel after a bearish trend the channel will break to lower prices. not a financial advice, do your own research.
Note
as I mentioned the channel broke below its support. this analysis has reached its objective.
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.