SHORT TERM BUY / LONG TERM SHORTPrice has been in a flag pattern that looks like it should break to the upside but another converging triangle within the channel shows a break below the range. Putting the two patterns together shows a tight trading range first to the upside and then a continuation back down in a break and retouch fashion.
By measuring the price ranges, a break below the current low at 1.93 will drop price further to the 1.57 mark with extension to 1.26 level.
Trade safe, good luck