Spike - this is very interesting spike, I believe a whale entered market here,
but such spike, means huge volume = someone have very big reasons.
And whoever he is he knows something what we don't know.
From that point price reversed to a uptrend and very volatile.
My suggestion is - follow the whale.
Resistance - if it brakes resistance our TARGET1 is...
LONG - We're at a strong support level and at the bottom of the consolidation. There's a good possibility we bounce here, which could make for a nice short term long. Levels of resistence are shown. A break above 218 would be more confirmation for long.
SHORT - A break below 215 could get ugly seeing how volume has been high throughout this cycle.