The trend line
shows a overall support for the past few months, meaning it should follow its current pattern of hitting the trend line
and then closing above it, whilst we need to be weary of any false breaks, that could lead us to think its a short position. We can also see the formation of a double top
and it was already in a bearish trend
which can also lead us to believe that the price action will close below the line and continue in a downward fashion.