looking at the charts it would seem we are still in a down channel. You have to be pretty damn optimistic to interpret today's price even as consolidation, let alone as a recovery. Ofc this is pure speculation but if I would assign odds I'd say 60% chance of downtrend continuing, 35% consolidation, 5% for a reversal. Anyway, I don't think we can have a reversal without some positive news, and I don't expect any soon. On the contrary I expect more regulations and possibly bans