As you can see, whenever there are these similar downtrends, there is a breakout that follows. The price also keeps bouncing off the trend line, the price is currently touching the trend line so the price should bounce back up in the near future.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
