The price has been consolidating since 21st Dec. Since 25th Dec, the price had been consolidating in the descending wedge pattern. It broke above it, retested, the top descending trendline and bounced back up. Now, the price is about to break previously week high. All momentum indicators in 4H and Daily are signalling the price to move up. ai16Z and Virtualprotocol both had the very similar set up in Daily chart before they had a parabolic leg up.
I think it is a good place to go long.
The profit target for me is $2. I don't trade with leverage.
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