Stacks / BitcoinPanjang
STXBTC - Long-Term Wedge Squeezing - Looking to Break Out Soon!
Not advice - I'm a noob practicing TA.
Here we can see a long-term wedge starting to squeeze looking at the weekly chart.
Zooming in on the Daily - we can see the recent price action is trading in a nice channel - looks like this project will break-out to the upside.
SEC approved ICO for this project bodes well for the future - considering there may be stricter regulations coming in.
Testing the 200 MA and the down-trend line again - its only a matter of time before it breaks through. Could break to the downside - but everything looks bullish right now.
Targets:
Short-term - look at previous support/resistances for sell levels
Long term - look at fib levels for high-upside price targets.
Here we can see a long-term wedge starting to squeeze looking at the weekly chart.
Zooming in on the Daily - we can see the recent price action is trading in a nice channel - looks like this project will break-out to the upside.
SEC approved ICO for this project bodes well for the future - considering there may be stricter regulations coming in.
Testing the 200 MA and the down-trend line again - its only a matter of time before it breaks through. Could break to the downside - but everything looks bullish right now.
Targets:
Short-term - look at previous support/resistances for sell levels
Long term - look at fib levels for high-upside price targets.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.