It looks like the beginning stage of a hyperbolic trend. SRN rose 20% in the last 24 hours while bitcoin dumped!
Going back up to 59k before the next wave down.
The parallel lines highlights a possible flag. Target in that case is $56k.
Either an imminent drop to $57k area or a rise to $62k and perhaps higher
I might be wrong, but i see btc hit the ceiling of a perfect trend whose bottom trendline is near $10k. I even think btc will drop below this trendline towards $6k. Sorry, i am writing this on my phone, so no trendy chart.
Maybe we will then see a dump from that level, at least i hope so.
Sorry, i write this on my phone.