Status primed for continuation
After the initial up move from status, followed by some healthy consolidation, status is looking primed. Bollinger bands squeezing, indicating a move in either direction is due. Currently sitting on cloud support, as well as the 50% fib retracement of the entire move. Adding to that, the stochastic RSI is at the bottom for most of the mid to high timeframes, indicating there is room for a strong up move. And of course a promising project.
38% retracement held during the downward pressure on the entire marketcap, and now on top of the 6h cloud. If this holds, a breakout will follow sooner or later. Target 7000-10000 sats.