On this 1hr chart, I am seeing multiple confirmations of the bullish trend.
If we break the neckline of the cup and handle then the measured move could take us into the target zone.
I'll be hiding in the bushes and waiting to see if we move to the top of the ascending channel that we seem to be in. If we do, I'll be looking for a break of the neckline and a move into the channel above.
On the daily chart I see a potential bull flag. My whiskers are telling me a possible near term downside target could be between $43,000 and $45,000, even though I am expecting the trend to continue.