Klaytn (KLAY) in a descending channel formation - Short?

Klaytn Coin has been operating in a descending channel formation; however, the price has become relatively stable with decreased volatility. Does this mean the onset of bullish momentum?
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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.