Pros, Alt coin season is in full swing.
HVF pattern forming on second touch of W shoulder means higher chance of break upwards. Third visit would be even more bullish.
Cons, possible weekly consolidation coming soon. Could see a rejection and weekly consolidation for up to a month.
Cons, low slung. Biased to down side, if we were in a moderate market.
Pros, we are not in a moderate market. We're in an alt season. Other low slung hvfs have performed to upside repeatedly.
Other pro is W bottom on higher time frame gives bullish target that is much higher than hvf target.
Ambiguity, is that the hvf could break and perform but still sell off...
