Apologies in advance for offending anyone with any "negative...

Apologies in advance for offending anyone with any "negative sentiment"

You don't need to convince me about blockchain technology and the future of fiat currency blah blah blah. I get it. I'm on board.

I normally assign a probability for direction and there's usually one direction with a higher probability than the other, however, I'm on the fence right now. IMO it's 50% either way. I would like to encourage unbiased discussion for assigning a direction probability based on the technicals as I believe this stock is heavily traded and these technicals work well.

Below is my rationale:

-16c is near-term natural support
-18.5c is near-term natural resistance



-Selling climax was obvious but did create a gap indicating volatility and not agreement at 16c

-Selling climax was just below a healthy retracement (confluence of two 50% and 61.8% retracement levels) however, it did not stay at this level for long.

-Trading above 30c could indicate a continuation of the uptrend (50% level of the falling price retracement)



There was RSI bearish divergence at the high, a good indicator of the reversal



Are we setting up for a head and shoulders pattern?



Strong arguments for both sides.