The bounce off support around 55c to 60c has been enthusiastic but modest. I see some patterns forming like some kind of mutant double head and shoulders. I deem this an UNO reverse card.
Could we retrace back to the neckline and complete the pattern officially? A move such as this would almost certainly signal a sustained uptrend especially at such a pivotal position on the larger channel. The Daily MACD is about to signal a bullish cross. The previous cross occurred just after the last pump on Feb 20th & Feb 21st, when we passed below the signal line. If this occurs, to me it is a clear indication of a trend reversal as is indicated the start of the downtrend. I'd look for a completion of the H&S pattern within the next day or two. If we do, look for heavy volume and use previous lows as targets. This might be the last signal we get.