1. Moving average 50 in the weekly timeframe will support the price. 2. The Triangle pattern breaks toward up.
Now, I'm waiting for the way 2. See the previous prediction.
If the price touches the channel bottom (Black Channel) and the RSI indicator reaches the short-term trend line , an uptrend (Way 1) is expected. Otherwise, the way 2 will happen probably.
The butterfly pattern is being formed. A downrend movement is expected if the price touches the channel roof, and butterfly pattern location.