sahand2a

sahand2a

I think it can find its way to the bottom of the channel for one last time.

sahand2a

If the price doesn't break the line, it will face another correction as there is negative divergence in RSI.

sahand2a

There are both support breakdown and RSI negative divergence in the chart. It will face a correction and then it goes higher again.

sahand2a

It can be noticed from the chart that RSI in showing positive divergence and also has broken out its downward trend. A kicker candle in 1 hour time frame has been stablished which can serve as a first Elliot wave and the second wave is probably has done its job as the price has broken the downward trend line. be advise of the possible bullish scenario.