Price is currently in a upwards trending channel with a Doji candle off support and 21MA on the daily chart with volume after a downtrend period
There is also a nice Bullish engulfing off support on 4H (current chart) which tests the 8MA (green line). Zooming a bit further in, there is a Bullish harami candlestick pattern off the 50MA (purple line) on the 3H chart!!
MACD also crossed up on the 1H while 8MA is still hovering below the 21MA, which in my experience signals a reversal in the direction of the MACD cross; in this case a reversal to the upside.
All signs point to a run up.
There is also a nice Bullish engulfing off support on 4H (current chart) which tests the 8MA (green line). Zooming a bit further in, there is a Bullish harami candlestick pattern off the 50MA (purple line) on the 3H chart!!
MACD also crossed up on the 1H while 8MA is still hovering below the 21MA, which in my experience signals a reversal in the direction of the MACD cross; in this case a reversal to the upside.
All signs point to a run up.