Big picture: it is currently in uptrend channel. Higher highs and lower lows, tightening pattern. Smaller picture, its underneath EMAs, so that's a bit concerning. But volume looks to be increasing more steadily. A bit of fundamental analysis, the results from one late stage study should be out this month with positive results so that will be a huge contributing factor. Will probably spring out of this tightening pattern to upper areas in the big picture time frame.
Some chart info:
Moving averages are exponential. Indicator is by LazyBear called 8x MA with configurable lengths Green: EMA 10 Skinny Red: EMA 20 Thicker Red: EMA 26 Orange: EMA 50 Light Blue: EMA 100 Dark Blue: EMA 200 Skinny Black: EMA 250 Skinny Purple: EMA 300
Bottom indicators are: RSI (14, CLOSE) Stoch RSI (3,3,14,25, CLOSE) Stoch (5,3,3) ADX and DI (14,20)
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So price dipped below previous lows in black box for a bullish SFP (swing failure pattern). It is also sitting on support of bottom of uptrend channel (now in blue to help not confuse from purple downtrend channel).
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Here is a recent update. Smaller timeframe action for swing trading. Previous price action was rowdy. Maybe scratch most of that off. I'll keep it more simple. These are my predictions. Blue box: buy Red bigger box above: sell