The price just broke that 4h bullish channel and also a 50% fib level. The price came from a really nice doji reversal formation showing a looooong reject to several fib zones and also TLs... Right now the price is trying to break the monthly PRZ and a 38% fib level. If this or the next 4h candle can close below those, the price can fall a lot more, near to 18.81
Price has formed a double top on the weekly and daily timeframe at a matching point with the weekly 61% fib (pink one) and monthly resitence (blue line) forming our matching point with a strong monthly PRZ and now price is retesting the 38% fib continuing the downtrend after the bullsih trendline break
