Spotify (SPOT) just recently had their IPO and so the amount of price data available is very limited. But, as requested, the below is the analysis using 1 hour charts. The pattern that strikes first is that of an ascending right triangle and this is bullish! Price moves alont the top horizontal and the rising lower trend lines. The blue arrow is showing a probable future price pathway and yes, an all time new high given that the IPO was only less than a month away.
The MACD is also keen in displaying more upside potential. The bullish buy cross over of the 12 hour moving average (white) of the red 26 hour moving average is very clear (blue circle) and the white arrow projects it's move in support of the upcoming higher highs.
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