Hi, ive made this chart which predicts this channel will break down next week. I think the channel is kind of stealth and most traders dont see it which will cause a small panic when it breaks. Could spike as low as ~$40. If course it will be important to follow the smaller timeframes to see how price moves until next week.
Comment: Daily forecast
Comment: So $40 would be ultra bearish. We could go to ~$43 only.
Comment: I could be very wrong on this prediction. Currently there seems to be bull divs on 1H, 4H and Daily. The dip also had nice volume, which imo acts as a sort of brake.