I still have my mid-term bullish
glasses on for this asset. Could be we have reached a low again at the current price. It looks like buyers are attempting to turn it up already, but not there yet. Looks like a legit channel, the range between the green and red. So we should see follow through if either one breaks. If the one at the low breaks, i would keep an eye out for a false move, something like the red line. If it drops and goes back up again with similar speed, it could be the low is set and then we should see a counter move up again.