It's looking like we have an Inverted HS pattern that would potentially continue into yet another Inverted HS. Indicator movements to consider would include a bullish MACD cross, RSI confirming strength and high volume following through at the moment. This is a long term play that might have some good scalps to consider, potential plays on lower time frames. This is not financial advice.
What would you suggest for stacking entry points with a LT time preference?
ChartProphet
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@mavencoin, I suppose it might pullback to $4. If it goes up to 7-8 and comes back down and consolidates around 4-5 would look at the situation and hope that we are still bullish after a few weeks to a month. To be honest, I am looking at taking a small position here. Considering the volume profile pattern in yellow and blue to the right, I would not be surprised if the next purple arch filled out to match the one to the left of the inverted head, at the same level. We could also go sideways and up in a spike as well. As always this is pure speculation ;) and not financial advice.