MSTR100 | Pennant | Potential LONG
Sitting onto a nice Volume Shelf here. What we see is a Pennant or a Ascending triangle forming here for a higher move up especially with the Price sitting onto a volume shelf.
Next PT is at the first Fibonacci PT 1.618 ratio at 1.2582266. If Price can get above that and hold we can move higher. For now a DCA strategy on this coin would work if pennant doesn't get invalidated.
I personally will buy at around .82 and then .73. Below that pattern will be invalidated and will need to change strategy.
PT based on Fibonacci ratio:
1.25 > 1.69 > 2.13 > 2.40 then ATH and maybe higher if hype follows.
Next PT is at the first Fibonacci PT 1.618 ratio at 1.2582266. If Price can get above that and hold we can move higher. For now a DCA strategy on this coin would work if pennant doesn't get invalidated.
I personally will buy at around .82 and then .73. Below that pattern will be invalidated and will need to change strategy.
PT based on Fibonacci ratio:
1.25 > 1.69 > 2.13 > 2.40 then ATH and maybe higher if hype follows.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.