Stacks bullish scenario

Stacks could be forming a bull flag. a technical chart pattern that indicates a potential continuation of an uptrend.

Bulls managed to bounce off the ~$1.25 zone, previously respected by both buyers and sellers.

Now in a tight spot, facing diagonal resistance, potentially being a key zone to break out of a bull flag.

When prices a tightly compressed, a breakout is often more powerful.

A successful breakout could test the March highs of the ~$3.7 zone.