Price is moving in descending channel and it can make one more down move before it reverse to the up side.
Note
Update. Overall trend is bearish so this is just a correction of previous impulse to down side. We can see on 15 minute chart possible flat correction and possible another move up to the 61.8% retracement or 78.8% beore continuation to down side.Note
5 minute chart.
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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.