Stacks / BitcoinLong
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.
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