STARKNET with the symbol STRK:
Starknet is a permissionless, Validity-Rollup, also known as a zero-knowledge rollup (ZK rollup) for Ethereum. It operates as a Layer 2 (L2) blockchain, enabling any dApp to achieve massive scale for its computation without compromising on Ethereum's composability and security.
We got STRK/USDT on daily time frame:
1- So far, price has respected the trend line.
2- Price has retraced two times from the upper barrier, once it manages to break above it, we can expect the start of the bullish move.
3- First possibility and the most bullish is that the price manages to break the resistance and starts to go parabolic
4- Second possibility is bearish first but overall bullish and is that the price will break bellow the trend line and will go to new lows and will bounce from the downside of the descending channel, creating a very nice buying opportunity.
Everything is explained in the chart.
Wish you lots of opportunities in your trading journey.
Starknet is a permissionless, Validity-Rollup, also known as a zero-knowledge rollup (ZK rollup) for Ethereum. It operates as a Layer 2 (L2) blockchain, enabling any dApp to achieve massive scale for its computation without compromising on Ethereum's composability and security.
We got STRK/USDT on daily time frame:
1- So far, price has respected the trend line.
2- Price has retraced two times from the upper barrier, once it manages to break above it, we can expect the start of the bullish move.
3- First possibility and the most bullish is that the price manages to break the resistance and starts to go parabolic
4- Second possibility is bearish first but overall bullish and is that the price will break bellow the trend line and will go to new lows and will bounce from the downside of the descending channel, creating a very nice buying opportunity.
Everything is explained in the chart.
Wish you lots of opportunities in your trading journey.
Trade active:
Looks like second scenario happened, a daily close above the down side of channel and around 1.4 to 1.45 seems to be a good zone for spot buy, do not forget stop loss.