I see a Bearish Falling Wedge in a downtrend with the most recent 12 hour candles forming a Falling Three Method Pattern (Blue Circle). Anything can happen but I wouldn't be surprised to see this break down and out of the Falling Wedge, retest former support and flip it to resistance and then break down to the bottom of this macro channel indicated by the red circle.
Diamond on the Daily after an extended uptrend could signal a potential reversal in the very near future. Resistance on the Daily (blue line) would make this Diamond Pattern complete. Anything can happen, and usually does lol, but we could see a significant pullback. Time will tell!
My previous post about the Falling Three Method has been invalidated but seems to be setting up for something far more Bullish. A Megaphone seems to be forming on the 8HR/Daily. For the next move up, there is a strong confluence around the $3.80 price target as that's the top of the Megaphone and the Fib Level 1. *Not financial advice*
