This may be most valid on the 3 day chart but we are looking at it on the 1 day. We can also see the 50ma(in orange) rising up to eventually break above this enckline as well. If the breakout hasn’t been confirmed before then, the 1 day 50ma should do a solid job of catapulting it up towards the measured move target. Barring any crazy black swan events of course. *not financial advice*