Double Bottom pattern setting up here. STMX may rally against ETH this weekend while ETH fights the $2k level vs USD. Look for a pull back vs ETH during the week before a breakthrough above the Measured Objective space
I adjusted the support trendline to give a better visual of the timing of the STMX breakout vs ETH. ETH currently is breaking out vs the USD and STMX is slightly correlated with ETH relative to the dollar. If/when STMX breakouts vs ETH while ETH is moving like this, STMX could 10x very soon
The channel is getting so tight that the coin is running out of space to oscilate. There is potential for a very big move here in the next 2 days most likely Saturday. STMX could rocket again vs ETH while ETH is on the verge of a breakout against the USD dollar...
ETH is currently on the verge of breaking out vs the USD. STMX has a high correlation with ETH. However, STMX is on the verge of breaking out vs ETH!!!! March could be the month STMX trades above $.10 and potentially above $.25 in April
THIS IS NOT FINANCIAL ADVICE
BLACK LINES are support.
RED LINES are resistance.
BLUE LINES are trends.
STMXETH looks like its ready for the next leg up. Since ETH is already going up against the dollar, that means STMX will go up exponentially against the dollar because it is about to go up against ETH.
STORMX is a hidden gem...