There was a steady downtrend for the last 3 days. I think we haven't seen the short term bottom yet.
So, your analysis is: The price will go down because the price has been going down? That seems like a pretty useless prediction to me, since it will never predict the end to a movement.
The trend showed that the crash MAY not have been solely due to the lawsuit.
The short term floor is just my opinion (probably coloured by greed) - lets see.