Not entirely sure what strong uptrend you are talking about. It has been consolidating between $2 and $4 for two years even on your weekly chart. Yes, I agree that it is due to be out of consolidation soon.
Also as there is support, there is resistance. Yes, about 3-3.20 is support currently but also 3.50-3.60-3.70 is resistance. We may pass through the resistance or we may not.
There are multiple possible formations. 4H lower high that could send us to 2.50, 4H double bottom that could send us to 5. Daily head and shoulders that could send to 2.30-2.50. Weekly / Monthly bull flag from 2021 that could send us to 6.30.
All I am saying is that weekly and monthly are primed for continuation upwards, but they would take weeks or months. Daily and 4 hourly could still send us to low 2s without affecting the weekly or monthly.
Macro environment - zoom out a little more and look at SP500 and NASDAQ on yearly time frames with Bollinger bands on. It could still easily decline 50% from current levels.
I cannot post charts for some reason
Charts, page-3416
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