Remember our "consolidation box" for Storm (STORMBTC)? This is from my previous analysis... Consolidation for this pair is surely coming to an end.
We have multiple bullish signals coming from the chart above that are really strong... Let's take a look at these:
First we can notice STORMBTC trading above EMA10 and EMA50. This is the first time that STORMBTC goes above EMA50 since March 2019... So this is a strong development.
The MACD reached neutral and is trending up/towards the bullish zone.
The RSI is strong above 50.
Downtrend line broken (red).
Breaking above resistance (A close above 16 satoshis, 17 or higher, would signal good strength).
The TD sequential started a new + count.
On the chart you can also notice a red line at the bottom, this is our support as well as stop-loss if you decide to trade.
Remember, this is not trading or financial advice. All the information shared here is learning and entertainment purposes only.
Thanks a lot for your continued support.
Namaste.
Previous analysis:
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STORMBTC breaks out... The first target hit at 19 satoshis.
THANKS