The long term bear trendline has been touched 6 times now. It's true that for such large price differentials it's better to look at the log scale, but nevertheless, this could be at least psychologically important. The triangle withing the dawnward wedge is approaching and end so we should see a decisive move soon if this is significant as was assumed.
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(Sorry for the typos, I'll rewrite the second sentence, not sure what happened there, though I fixed that with Grammarly. Here is what I wanted to say:
"The triangle within the downward wedge is approaching an end so we should see a decisive move soon if this is significant as was assumed.")