Bullish Megaphone

Price action has bounced off S1 four times, while bouncing off S2 two times. We can see S1 and S2 are the supports in this picture. Highs have been increasing, while supports are horizontal. This indicates a bullish megaphone. My prediction is a breakout of the pattern in step E to resistance at 52k and bouncing off the top of the megaphone until we hit 60k. A break below this pattern would lead to support @ 38k, where the only support below 38k is 32k.

Not financial advice, trade at your own risk.