The name has been trending higher on short term 4 hour timeframe. The current chart is a logarithmic price scale look at BTCUSD and better reflect the price pattern and the price channel over the last Year.
Confirmations: 1. Breakout above recent highs on heavy volume 2. Above support 3. Above trendline on shorter timeframes
Contradictions: 1. Below resistance 2. In the upper half of the log price channel