Macro channel forming for Polkadot-USD?

Have a look at the Polkadot-USD chart here:

Are we looking at a bottom-hit on what could be a very long term bullish channel? As with a ton of other alts right now, we also have an inside bar indicating bearish momentum fizzling out of the current down move. If we get a slight retracement on this one, it could be a super-good entry, maybe around 20 USD.