-Price is inside a descending channel and is close to facing the lower trendline -On MACD we observe a bullish divergence
Based on this, we think the price can retest the lower trendline of the descending channel before starting a bullish movement. On higher timeframes, we can see the weakness of the current descending trend. We are not going to take any stand yet until price retest the trendline or a breakout of the descending trendline.