The Circled area looks like a retest before resumption after breakout. Heavy resistance at this stage, possibly requires a couple more touches before breakout but the upside is huge.
Apologies but I've only had 10 mins to build this but it looks pretty accurate depiction of the SXPBTC market?
Best, Hard Forky
with 20% rise in BTC to $62k that roughly $10 price target with a stretch of $12 - feels a little too bullish right now who knows, will watch price action and BTC to tell me when to exit.