The price is still in the channel. Note that the resistance line, which originates in October 2020, prevented the price from reaching the upper channel line. Until January, the price never once rose above the resistance line, as we see in January, the price was able to break through the line and kept above it for some time. Now the price is again below the resistance line. This is a hint for our idea today.
Today I expect the price to continue falling from the resistance line. I think the price will hit the lower channel line.📉