We've got RSI hidden bullish divergence on the 1 hour, which typically means a pump and dump coming. I think price could move up from this area so I am entering a long scalp. However, this move could possibly be the buying climax setting up for a distribution pattern. The buying climax could also have already happened, so price could also move down from this area, but I am thinking one last push up.
Note
Price has reached my stop loss, but I am still holding as I believe price will still move up short termNote
Call me crazy, but I am still holding my long position. I have updated my idea and believe price will at least return to my entry next week and continue up. What I thought was the buying climax I believe is the upthrust in phase B of distribution. I was going a little chart crazy yesterday and wasn't looking at the bigger picture. With that being said I think price should get a good bounce from the current area. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.