I'm a novice at this but I see lack of support on the depth charts. Order book does not indicate what appears to be great support (enough orders) to continue the push forward. I see a potential head and shoulders formation possibility while also the possibility at exactly the same time a break out from the big W. Any suggestions or thoughts on this or how to trade it?
There is also divergence with this most recent increase. See 5 minute chart and even higher you can spot it. Not sure what that means as far as how much price would or if it even will drop? Cause the divergence does not show up on longer time frame charts. Any thoughts on this would be appreciated.
Also, anyone know how to tell an indicator for once the parabolic pattern is broken and it might return to the mean (guessing around 3k)?
Thanks All