It's unclear which way this is going to go as I imagine it will have a lot to do with where BTC goes - but here are some ideas I'm seeing & things to watch for (see chart).
If it goes in this direction and ends up forming a bowl, LOOK OUT! Because this would be the handle on a large cup that started with the last ATH around 0.0270 and would point to a pretty huge upside.
I'll post a chart for that if it looks like this is playing out in some way.
It's also possible that we'll form a downward channel, which would also eventually be bullish but would mean downside for the next couple weeks.
Let's see where it goes!