As can be seen we broke past the rising resistance line (red) on 23 december and it has turned into its support.
I believe that STRAT will continue growing along the current rising support line, testing it every so often but bouncing back up.
What I'm looking for is for the price to hold on the 200 day MA in the coming days/weeks until it meets the rising support line. At that point I expect the price to break past the resistance of 150K sats.
First target would be 250K sats.
I believe that STRAT will continue growing along the current rising support line, testing it every so often but bouncing back up.
What I'm looking for is for the price to hold on the 200 day MA in the coming days/weeks until it meets the rising support line. At that point I expect the price to break past the resistance of 150K sats.
First target would be 250K sats.
Comment:
Price is showing movement within given wedge which is slightly descending. All in all it's showing that price will converge towards the lower support line where I expect the price to move bounce back up to resume it's run around the beginning of february.
Comment:
Updated chart: