On 18 of July 2022 the price managed to broke out above the downsloping resistance line and since then we saw some upside.
- Now the price is forming the Head and Shoulders pattern. - We expect the formation to break down in the next days. However it may take a few days to form the right shoulder which may be a little bit extended. -The target would be at 7 $ which would be a result of a 20 % drop. After that we expect the price to create a higher low. - If the price breaks below previous all time low, new lows are coming.