When price fall into "ABYSS"

I have posted many strong bullish chart when price flies up away from 8ema. It applies to bearish downtrend as well.
Price of ANV fall into unknown ABYSS and seems like there is no tomorrow. Which coincide with the channel bottom.

Fully aware of the immediate resistance of around 1.15 being my first target. A break through would most probably see price heading to 2.10